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African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

African leaders urge United States (U.S.) to embrace investment-driven partnerships and review tariffs

What is needed is more trade between Africa and the U.S., not less—Adesina

African leaders have called on Monday for an urgent review of U.S. tariffs on African exports, urging a shift towards transformative partnerships and investment in Africa’s economic potential. Addressing more than 2,000 government and business leaders, and other delegates at the U.S.-Africa business summit in the capital Luanda, Angolan President…

African Development Bank Group (AfDB)

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    • African Development Bank’s Adesina Warns of Economic Shockwaves from United States (U.S.) Tariffs, Calls for Strategic Global Engagement
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Source: African Development Bank Group (AfDB) |

African Development Bank’s Adesina Warns of Economic Shockwaves from United States (U.S.) Tariffs, Calls for Strategic Global Engagement

Africa should engage the U.S. through “flexible and constructive” trade negotiations, Adesina says in exclusive interview with CNN’s Amanpour

As the United States imposes higher tariffs with global ramifications, African Development Bank Group (www.AfDB.org) President Dr. Akinwumi Adesina has warned that these measures could trigger significant economic disruptions across Africa, affecting numerous nations and accelerating a strategic shift in global partnerships.  In an exclusive interview with CNN’s Christiane Amanpour,…

African Development Bank Group (AfDB)

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    • African Development Bank President Dr Akinwumi Adesina and Inter-American Development Bank President Ilan Goldfajn sign $3.2 billion Exposure Exchange
    • African Development Bank signs $3.2 billion Exposure Exchange with Inter-American Development Bank
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Source: African Development Bank Group (AfDB) |

African Development Bank signs $3.2 billion Exposure Exchange with Inter-American Development Bank

Since 2015, the African Development Bank has used these agreements to diversify lending within its sovereign portfolio and deploy capital effectively while preserving a resilient financial base

The African Development Bank Group (www.AfDB.org) has signed a $3.2 billion Exposure Exchange Agreement with the Inter-American Development Bank (IADB), renewing a prior agreement originally executed between the two institutions in 2015. The agreement was signed in Washington DC, on the sidelines of the World Bank Group and International Monetary…

African Development Bank Group (AfDB)
Source: African Development Bank Group (AfDB) |

United States Trade and Development Agency (USTDA) and African Development Bank Renew Partnership to Advance Quality Infrastructure in Africa

A significant new element of the partnership focuses on project preparation, highlighting USTDA and AfDB’s dedication to improving project design and readiness

The African Development Bank (www.AfDB.org) and the U.S. Trade and Development Agency have renewed a Memorandum of Understanding (MOU), extending their strategic partnership for five years. This agreement underscores a shared commitment to advancing quality infrastructure development across Africa by strengthening national procurement systems and aligning them with international best…

African Development Bank Group (AfDB)

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    • African Development Bank President Akinwumi Adesina and World Bank President Ajay Banga during opening plenary session of the 2024 Norman E. Borlaug. Des Moines, October 2024 (1)
    • African Development Bank President Akinwumi Adesina and World Bank President Ajay Banga during opening plenary session of the 2024 Norman E. Borlaug. Des Moines, October 2024 (2)
    • African Development Bank President Akinwumi Adesina and World Bank President Ajay Banga during opening plenary session of the 2024 Norman E. Borlaug. Des Moines, October 2024 (3)
    • African Development Bank President Akinwumi Adesina and World Bank President Ajay Banga during opening plenary session of the 2024 Norman E. Borlaug. Des Moines, October 2024 (4)
    • African Development Bank President Akinwumi Adesina and World Bank President Ajay Banga during opening plenary session of the 2024 Norman E. Borlaug. Des Moines, October 2024 (5)
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Source: African Development Bank Group (AfDB) |

Adesina and Banga lead the charge to end hunger in Africa at 2024 Borlaug Dialogue

Interviewed by Roger Thurow, senior fellow for global agriculture at the Chicago Council on Global Affairs, Adesina and Banga discussed the transformative actions from MDBs in meeting Africa’s annual $1.3 trillion development needs

In a powerful opening to the 2024 Norman E. Borlaug International Dialogue, the president of the African Development Bank Group (www.AfDB.org) Dr. Akinwumi Adesina and his counterpart at the World Bank Ajay Banga, stressed the need for more global action against hunger, a goal slipping further away due to the…

African Development Bank Group (AfDB)

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    • AfDB VP for Finance and CFO Hassatou N'Sele(left) with Roberta Casali, Vice President Finance and Risk Management Asian Development Bank(centre) and Gustavo De Rosa, Vice President for Finance and Administration, Inter American Development Bank, following the Bank's signing of an exchange exposure agreement with ADB (1)
    • AfDB VP for Finance and CFO Hassatou N'Sele(left) with Roberta Casali, Vice President Finance and Risk Management Asian Development Bank(centre) and Gustavo De Rosa, Vice President for Finance and Administration, Inter American Development Bank, following the Bank's signing of an exchange exposure agreement with ADB (2)
    • AfDB VP for Finance and CFO Hassatou N'Sele(left) with Roberta Casali, Vice President Finance and Risk Management Asian Development Bank(centre) and Gustavo De Rosa, Vice President for Finance and Administration, Inter American Development Bank, following the Bank's signing of an exchange exposure agreement with ADB (3)
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Source: African Development Bank Group (AfDB) |

African Development Bank and Asian Development Bank sign $1 billion exchange exposure agreement to increase development lending capacity to African nations

New exposure exchange agreement will offer a countercyclical capital buffer

The African Development Bank (www.AfDB.org) and the Asian Development Bank have signed a $1 billion exchange exposure agreement (EEA) aimed at enhancing the African Development Bank’s capital position and its capacity for sustainable lending across Africa. The agreement, signed on the sidelines of the IMF /World Bank Annual Meetings in…

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    • Meeting with counterparts from MDBs and the G20 Global Alliance against Hunger and Poverty during the IMF-World Bank Annual Meetings, AfDB head Akinwumi Adesina (fourth from left) called for bold reforms and innovative solutions to tackle poverty. Washington DC., 24 October 2024
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Source: African Development Bank Group (AfDB) |

African Development Bank President calls for bold, innovative and practical solutions to tackle poverty in Africa

Adesina will participate in a meeting of heads of MDBs, hold bilateral meetings with development partners and host a meeting of the Africa Investment Forum’s founding partners

Climate change, global financial shocks and growing food insecurity are threatening Africa, the world’s fastest-growing continent and hampering achievement of global development goals. To tackle these challenges and speed up the continent’s efforts to achieve these goals, the president of the African Development Bank (www.AfDB.org), Dr. Akinwumi Adesina on Thursday…

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    • African Development Bank and United States Agency for International Development (USAID) Sign $600 million Landmark Regional Development Agreement for the Sahel (1)
    • African Development Bank and United States Agency for International Development (USAID) Sign $600 million Landmark Regional Development Agreement for the Sahel (2)
    • African Development Bank and United States Agency for International Development (USAID) Sign $600 million Landmark Regional Development Agreement for the Sahel (3)
    • African Development Bank and United States Agency for International Development (USAID) Sign $600 million Landmark Regional Development Agreement for the Sahel (4)
    • African Development Bank and United States Agency for International Development (USAID) Sign $600 million Landmark Regional Development Agreement for the Sahel (5)
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Source: African Development Bank Group (AfDB) |

African Development Bank and United States Agency for International Development (USAID) Sign $600 million Landmark Regional Development Agreement for the Sahel

Through this parallel co-financing agreement, support will be provided to key sectors over the next five years

The African Development Bank Group (www.AfDB.org) and the United States Agency for International Development (USAID) have signed a landmark Regional Development Objective Agreement (RDOAG) to strengthen social and economic development in the Sahel. The signing ceremony was held at the U.S. Embassy in Dakar, Senegal. The agreement, valued at $600…

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    • United Nations General Assembly (UNGA) 79: United Nations Women honors African Development Bank Group President Adesina as HeForShe Champion
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Source: African Development Bank Group (AfDB) |

United Nations General Assembly (UNGA) 79: United Nations Women honors African Development Bank Group President Adesina as HeForShe Champion

UN Women describes HeForShe as a global movement that has engaged more than two million men and individuals in championing gender equality

I am resolute in my conviction that when Africa's women win, Africa wins – Akinwumi Adesina; Spanish PM Pedro Sanchez and CEOs of Global Citizen and Movember also honoured. The United Nations Women organisation has named the African Development Bank Group President Dr. Akinwumi Adesina a HeForShe Champion for his work…

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    • From left, Prof. Anthony Nyong, Director of Climate Change and Green Growth, Edith Ofwona Adera, Regional Principal Officer and AAAP Coordinator, and Olufunso Somorin, Regional Climate Change Officer, all of the African Development Bank, accepted the NDC Investment Award on September 24 in New York
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Source: African Development Bank Group (AfDB) |

United Nations General Assembly (UNGA 79): Africa Adaptation Acceleration Program Receives Nationally Determined Contributions (NDC) Investment Award

Recognized at the 35th Ordinary Session of the African Union for its achievements, the Africa Adaptation Acceleration Program (AAAP) is setting the standard for climate adaptation in Africa and beyond

The Africa Adaptation Acceleration Program (AAAP) (http://apo-opa.co/3ZHg6nA) has been honored as the “Best Investable NDC Adaptation Investment Initiative of the Year” at the 2024 African NDC Investment Awards. The award, presented during the African NDC Institutional Investment Summit in New York, held on the margins of the United Nations General…