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After a decade of strong growth, African economies are slowing down. So what is the role of the African Development Bank in turning that around?
The institution 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?
"We've got to focus on five things," Bank President Dr. Akinwumi Adesina tells me in this week's podcast. He recently returned to CGD to participate in our Spring Meetings event on financing for Africa.
Dr. Adesina's list of priorities includes electricity, food, integration, industrialization, and quality of life. But the trick?
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.