2024-01-15 18:14:08
The 59th Annual Meeting of the Board of Governors of the African Development Bank and the 50th Annual Meeting of the Board of Governors of the African Development Fund will be held May 27-31, 2024 at the Kenyatta International Conference Center in Nairobi, Kenya. The African Development Fund is the concessional rate loan window of the Bank Group.
The central theme of the 2024 Annual Meetings is: “ Africa’s transformation, the African Development Bank Group and the reform of the global financial architecture ».
The Annual Meetings include invitation-only sessions for Member States, closed-door bilateral meetings, as well as events open to all participants, including media representatives.
They provide a forum where Bank governors can share their experiences in managing the growing public debt burden, which has increased following the global economic shocks of recent years.
The lack of climate finance for African priorities and the high cost of capital to invest in sustainable infrastructure for green growth and a just energy transition should also be high on the agenda.
The Assemblies constitute a platform for reflection on the commitment of the Bank Group to the accomplishment of its mission of developing the African continent and improving the living environment of its populations.
The Annual Meetings of the African Development Bank Group include statutory meetings of its governors (finance ministers or central bank governors representing the 81 member countries) and knowledge sharing events. Participants include representatives from bilateral and multilateral development agencies, leading academics and non-governmental organizations, civil society and the private sector.
The Meetings are the Bank Group’s largest annual event, attracting approximately 3,000 participants. They allow the institution to take stock with its shareholders of the progress made over the past year.
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