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African Development Bank (Abidjan)

Praise for AfDB in Paris at Summit for New Global Financing Pact

World leaders attending this week's Summit for a New Global Financing Pact praised the African Development Bank for finding a solution that would enable rich countries to reallocate part of their Special Drawing Rights (SDR) to low-income countries through multilateral development banks. The African Development Bank and the Inter-American Development Bank have been leading calls for the reallocation of the SDRs through multilateral development banks like themselves, to help rebuild livelihoods due to the impact of climate change and other global challenges. The technical solution preserves the asset reserve status of the SDRs and would unlock hundreds of billions for Africa.

AfDB

African Development Bank president Akinwumi Adesina addressing the Roundtable discussion on Debt and SDR Channeling at the Summit for a New Global Financing Pact, Paris, France.

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AfDB

African Development Bank president Akinwumi Adesina with U.S Treasury Secretary ⁦Janet Yellen and the President of Senegal Macky Sall in Paris at the Summit for a New Global Financing Pact.

AfDB

AfDB president Akinwumi Adesina with Prime Minister of Ethiopia Abiy Ahmed and the president of the World Bank Ajay Banga at the Summit for a New Global Financing Pact in Paris, France.

AfDB

AfDB president Akinwumi Adesina with president of the European Central Bank Christine Lagarde at the Summit for a New Global Financing Pact in Paris, France.

AfDB

AfDB president Akinwumi Adesina with Chancellor of Germany Olaf Scholz at the Summit for a New Global Financing Pact in Paris, France.

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