African Development Bank head Dr Adesina ( third from left) on panel discussing SDRs and debt at the Summit For a New Global Financing Pact, Paris, June 22 2023
AfDB head Dr. Akinwumi A. Adesina with WHO Director General Dr. Adhanom Ghebreyesus Tedros and heads of other multilateral development banks at the launch of the Platfom in Paris. June 23, 2023
The African Development Bank has received five awards in the 2022 Achievement Awards organized by EMEA Finance. The awards were announced on Thursday 8 June 2023 in London.
AfDB and Africa Foresight staff at the African Hidden Champions Dinner, 19 June 2023, Cairo.
World leaders attending this week’s Summit for a New Global Financing Pact praised the African Development Bank for finding a solution that would enable rich countries to reallocate part of their Special Drawing Rights (SDR) to low-income countries through multilateral development banks.
(From right) AfDB President Akinwumi Adesina with Madagascar President Andriy Rajoelina, Comoros President Azali Assoumani, Ghana President Nana Akufo-Addo; Mauritania President Mohamed Ould Ghazouani; Prime Minister of Cote d’Ivoire Patrick Achi; Kenya President William Ruto, and Democratic Republic of the Congo Prime Minister...
Country Report No. 2023/218
Country Report No. 2023/219
The economy sustained its dynamic recovery from the pandemic into 2022. GDP surpassed the pre-pandemic level in the first quarter and growth averaged 6.7 percent for the year—among the highest in the euro area. The momentum continued through early 2023 with growth at 2.5 percent (year-on-year) in Q1. While headline inflation peaked in late 2022, core inflation has been stickier amid limited economic slack, high profit margins and tight labor markets. Wage growth has accelerated, partly reflecting minimum wage hikes and labor shortages.
