𝗧𝗵𝗲 𝗔𝗳𝗿𝗶𝗰𝗮𝗻 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁 𝗕𝗮𝗻𝗸 𝗨𝗻𝘃𝗲𝗶𝗹𝘀 𝗮 𝟭𝟬-𝗬𝗲𝗮𝗿 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝘆 𝘄𝗶𝘁𝗵 𝗢𝘃𝗲𝗿 $𝟳𝟬 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗕𝗼𝗼𝘀𝘁 𝗶𝗻 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴
Unveiled
during the Bank's Annual Meetings, the strategy sets out decisive and urgent
actions to support African countries navigate unprecedented global and regional
challenges. These include the aftermath of the COVID-19 pandemic, heightened
food insecurity, a burgeoning debt crisis, and the intensifying impacts of
climate change.
"As
Africa's premier development finance institution, we are acutely aware that the
next decade will be decisive in transforming the continent," said African
Development Bank Group President Akinwumi Adesina. We remain resolute in our
determination to accelerate the support we provide to African countries.
The
10-Year Strategy highlights several key priorities, including investing in
Africa's vibrant young population, which is the fastest growing and youngest
workforce in the world. The strategy also emphasizes promoting low-carbon
development and climate change adaptation to safeguard the continent's future,
as well as assisting fragile states and building resilience amid rising
conflicts and political instability. Additionally, the strategy underscores the
importance of good governance, domestic resource mobilization, and sustainable
debt management.
The
strategy also underscores the pivotal role of the private sector in driving
Africa's transformation, with the Bank pledging to triple private sector
finance by 2033. Recognizing the magnitude of the challenges, the Bank has
pledged to mobilize resources from diverse sources, including domestic revenues
and innovative financing mechanisms, to scale up its efforts and deliver
lasting impact across the continent. For Details.
Story By Patrick Seremba | Sources: Internet
Comments
Post a Comment