AfDB to focus on Africa’s next 50 years

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The African Development Bank Group will look towards the next half century and what it hopes to achieve on the continent during its 2014 Annual Meetings in Kigali, Rwanda.

The 49th Annual Meetings for the African Development Bank and the 40th meetings of its soft loan affiliate, the African Development Fund (ADF), will focus on the theme “The next 50 Years: The Africa we want”.

The event, where key decisions about the Bank Group are made each year, is attended by Finance Ministers and Central Bank Governors from the Bank’s 54 regional member countries (RMCs), and attracts more than 2 500 delegates representing multilateral finance institutions, development agencies, the private sector, non-governmental organizations, civil society and the media.

This year’s meetings will take place from, 19 to 23 May 2014 at the Kigali-Serena Annual Meetings Village.
From May 19, a series of high-level seminars and side events will address the continent’s economic, social and political issues, and seek solutions to ensure a better future for Africans.

The gathering will review the Bank’s 2013 operations and its 2014 development funding portfolio, as well as the objectives for the African region in key areas such as regional integration and trade, infrastructure, private sector development, job creation, governance and green growth.

The African Development Bank celebrates its 50th anniversary in 2014, with events throughout the year, culminating in a week-long celebration in November in Abidjan, to coincide with the Bank’s return to its official headquarters in Côte d’Ivoire.

The AfDB, Africa’s premier development finance institution, was established in 1964 to mobilize resources for the economic and social development of its regional member countries (RMCs) by focusing on poverty reduction and promoting sustainable growth.

The Bank has approved 4 001 loans and grants totalling UA 67.22 billion (about US $104 billion) to its RMCs from 1967 to 31 December 2013.

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