Africa: Stiglitz Delivers Inaugural Ndiaye Lecture, Urges Coordinated Strategy for Africa's Economic Success

press release

Washington, DC — The Babacar Ndiaye Lecture Series, an international series introduced by the African Export-Import Bank (Afreximbank), debuted in Washington D.C. today with Nobel Laureate Joseph Stiglitz saying that African countries should adopt a coordinated strategy that encompassed the agriculture, manufacturing, mining, and service sectors in order to attain the same success delivered by the old manufacturing export-led strategy.

Afreximbank launched the Babacar Ndiaye Lecture series to honour the late Dr. Babacar Ndiaye, President of the African Development Bank (AfDB) from 1985 to 1995, for his many important contributions to Africa’s economic development, in particular, his critical role in the creation of Afreximbank. In addition to helping the AfDB to earn triple ‘A’ status, Dr. Ndiaye, who died in July 2017, was also behind the creation of several other continental institutions, including Shelter Afrique and the African Business Roundtable, and is credited with fostering the emergence of many young entrepreneurs who are helping to build Africa today.

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