African Development Bank Presidential Candidates Reveal Visions, Priorities for Bank
Candidates fielded questions about their priorities for the Bank's future from audience members, participants across Africa, and Twitter.
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Candidates fielded questions about their priorities for the Bank's future from audience members, participants across Africa, and Twitter.
In testimony last week before the Senate Foreign Relations Subcommittee on Africa and Global Health Policy, CGD’s Ben Leo called upon Congress to modernize how the United States supports economic growth in sub-Saharan Africa. The hearing was called to reflect on the progress since the August 2014 US-Africa Leaders Summit in Washington and to address obstacles that continue to discourage greater private-sector engagement in the region.
The African Development Bank almost wasn’t. Twenty years ago, the Bank lost its crucial AAA credit rating and its future was very much in doubt. Yet now it is held up as one of the largest sources of infrastructure finance for the region, a multilateral financing institution owned by 53 African and 25 non-regional governments, akin to a regional World Bank.
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