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The African Development Bank is holding what may be the most open and competitive selection process for the leader of a global institution (see Todd Moss’s blog about it here). As we’ve done in the past for the EBRD, IMF, World Bank, and WHO, CGD decided to put potential AfDB leaders in the spotlight. Not only did they face questions from experts in the room but also from African citizens via video — giving those most affected by AfDB operations direct access to ask questions and have their concerns heard. Check out our recap below.
CGD blog posts reflect the views of the authors, drawing on prior research and experience in their areas of expertise. CGD is a nonpartisan, independent organization and does not take institutional positions.
The African Development Bank recently turned 50. In that time it's made more than 4,000 grants and loans, totaling more than $71 billion. So what might its next half-century look like? Bank President Dr. Akinwumi Adesina joins me on this week's podcast to share his vision for Africa's future.
The African Development Bank is widely praised these days as one of the premier financial institutions in Africa. The past decade saw it place much greater emphasis on infrastructure financing, a change brought about in part by the instincts of its former president Donald Kaberuka. In this week's podcast, Kaberuka discusses how the AfDB’s success came about.
Kaberuka is currently a Hauser Leader-in-Residence at the John F. Kennedy School of Government at Harvard University. At CGD he will be working on finance and development issues, including serving as a member of our High-Level Panel on Multilateral Banking, which will issue its report in the coming months.