African Development Bank Is Stepping Up

Abidjan — The African Development Bank is stepping up the pace by focusing on five priorities that are crucial for accelerating Africa's economic transformation. The Bank calls them the "High 5s": Light up and power Africa, Feed Africa, Industrialise Africa, Integrate Africa, and Improve the quality of life for the people of Africa. "To prosper, Africa needs a massive, concerted, ambitious effort to transform our economies," Akinwumi Adesina, President of the African Development Bank Group, said. "We need growth that benefits everyone.

The High 5 priorities will get us there more quickly." The High 5s and the Bank's recent progress are highlighted in the Annual Development Effectiveness Review 2016 -- the latest edition of the Bank's key monitoring and tracking tool -- which was released June 27, 2016. This year, the Bank has revamped the review to give greater attention to Africa's fundamental challenges and how the Bank is addressing them. The Bank is also reorganising itself to become more agile and responsive to the continent's needs.

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