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African Development Bank (Abidjan)

2021 Annual Meetings - A Call for Bold Domestic Reforms

African Development Bank President Dr. Akinwumi A. Adesina said: "The deep scars left by the Covid-19 pandemic (in Africa) will take time to heal." As a result of the pandemic, the continent's GDP fell by 2.1% in 2020 and poverty and inequality are increasing. At least 30 million Africans fell into extreme poverty in 2020 and another 39 million could follow in poverty in 2021. The debt-to-GDP ratio is expected to increase by 10-15 percentage points in 2021 and debt is a pervasive concern.

African Development Bank Group president Dr Akinwumi A. Adesina

AfDB 2021 Annual Meetings

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