AfDB Annual Meetings open in Nairobi

President of African Development Bank (AfDB), Dr Akinwumi Adesina
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By Lucy Ogalue

The city of Nairobi is bustling as it plays host to the prestigious Annual Meetings of the African Development Bank (AfDB) Group.

The News Agency of Nigeria (NAN) reports that the event marks the 59th Annual Assembly of the AfDB and the 50th meeting of the African Development Fund (ADF).

NAN reports that the meeting is scheduled to hold from May 27 to May 31.

The AfDB has brought together high-level decision-makers from across the African Continent to deliberate on transforming Africa’s path.

The meeting has as its theme “Africa’s Transformation, African Development Bank Group, and Reform of the Global Financial Architecture.”

The meetings foster critical discussions and knowledge dissemination among crucial bilateral and multilateral development agency officials.

“Leading academics, representatives of Non-Governmental Organisations (NGOs), civil society, and the private sector will participate in the discussions.

“The agenda is packed with pivotal knowledge events designed to address the continent’s pressing economic and developmental challenges.

“Among the highlights is a Presidential Dialogue on the theme.

“This will bring together Africa’s top leaders to discuss strategic pathways for the continent’s transformation within the evolving global financial landscape,” the AfDB said.

The bank said a high-level plenary will mark the inauguration of the African Economic Outlook 2024, titled “Driving Africa’s Transformation: The Reform of the Global Financial Architecture.”

It said: “this flagship publication will provide an in-depth analysis of Africa’s economic prospects and outline necessary reforms for a more inclusive and resilient financial system.

“The thematic knowledge events will explore critical issues such as “Financing Africa’s Transformation in a Changing Global Financial System.

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“It will focus on innovative financing mechanisms to support Africa’s development goals amid global financial shifts.

“Another key event, “Measuring the Green Wealth of Nations: Natural Capital and Economic Productivity in Africa,” will discuss the integration of natural capital into economic planning to enhance productivity and environmental stewardship.”

As delegates converge in Nairobi, NAN reports that the meetings promise to be a pivotal moment for charting the future course of Africa’s economic transformation.

This will unfold with a keen focus on reforming the global financial architecture.

The discussions will yield actionable insights and strategies to propel the continent towards sustainable and inclusive growth. (NAN)(www.nannews.ng)

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Edited by Ese E. Eniola Williams

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