The next stage in the final adoption of the AfDB General Capital Increase will take place in Abidjan during the institutions' Annual Meetings scheduled to take place from May 27-28, 2010. AfDB Governors are expected to approve a proposal by the Governors Consultative Committee for a 200% capital increase 200%.
But what do additional resources for the AfDB mean and what will they be used for? Additional resources will enable the AfDB to continue lending to middle income countries, but to also finance more projects in low income countries. Similarly, middle income countries will continue to modernize their infrastructure, their transport systems and reform their institutions as well as work towards greater integration with their neighbors.
For low income countries, one of the priorities will be to enable them finance their major projects and to speed up reforms. More resources will also imply greater private sector activity such as increasing energy production in fragile states like Liberia. This will also make it possible to pursue renewable energy production in Kenya.
Related News
General Capital Increase: AfDB Braces to Meet Commitments
Related Sections
Contacts
Antoinette Batumubwira
