Tagged:
Content from a Premium Partner

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

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.