African Development Bank President Akinwumi Adesina. REUTERS/Amit Dave
Many African countries are currently battling mounting debts, skyrocketing inflation, rising fiscal deficits and currency depreciation crisis with the International Monetary Fund and the World Bank calling for urgent reforms while offering specific guidelines. “These facts, together with our championing role in setting up what has become Africa’s premier Bank, suggest that hosting this event now seems long overdue. As is often said, however, it is better late than never, especially now that the continent is charting a new path towards building its economy,” he said.
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