19 May 2004

Africa's Economic Performance Under Review

Governors of the African Development Bank will meet in Kampala, Uganda, on May 25 and 26, 2004 for the 39th Annual Meeting of the ADB and the 30th Annual Meeting of the African Development Fund (ADF).

The Governors - Ministers of Finance and Central Bank Governors or their representatives from the ADB Group's 77 member countries - will review the region's economic performance over the last year and discuss strategies for growth and effective poverty reduction in Africa.

For the second year in a row, the meetings will be jointly organized by the Bank and the Economic Commission for Africa (ECA), and bring together all of the region's Finance Ministers and Central Bank Governors for what has been billed as Africa's most important economic gathering of the year.

Also represented are ministerial delegations from the 24 non-regional members of the ADB.

Heads of State from some five African countries will be attending the opening session of this year's Meetings. In the lead up to that session, the ABD will organize, on May 24, an important symposium on closing the gender gap and promoting equality between men and women as a means of achieving higher growth rates and development in Africa.

The symposium on gender will be preceded, on May 23, 2004, by the ADB's Financial Presentation - an event that is expected to celebrate a year of major achievements by the Bank in international financial markets.

The year saw the ADB achieve the highest ratings given by the world's major ratings agencies, win the coveted International Financing Review's Supranational/Agency Bond of the Year award, and execute a US dollar 1 billion Global Bond issue.

Communications professionals from all the multilateral development agencies active in Africa will be meeting, at the margins of the Annual Meetings, to discuss "Communicating for Development in Africa" and how they can, working together, address the critical issue of Africa's negative international image.

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