May 27, 2010
Finally, an “A” for the Shareholders of the African Development Bank!
Today in Abidjan, the Governors of the AfDB approved the plan for a capital increase. This is part of a coordinated global effort to increase the resources for the regional development banks in response to the accelerated lending during the financial crisis. But today’s nod is also a serious vote of confidence in the direction of the AfDB under Donald Kaberuka.
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