2016 Financial Presentation - The African Development Group



Publisher:
AfDB
Publication Date:
26 May 2016
Tags:
Africa, Banking and Insurance, Economy, Business and Finance, International Organizations and Africa

Despite the difficult and challenging global economic situation, African countries achieved considerable economic progress in 2015, registering a 3.6% average GDP growth during the year when the best performers in developed countries hardly reached 2%. Africa also accounts for five of the world's fastest-growing economies with Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Rwanda and Tanzania registering growth rates of seven percent or more. These are some of the positive stories presented to thousands of participants at the African Development Bank's Annual Meetings in Lusaka, Zambia, on Wednesday, May 25, 2016 by its Vice-President for Finance, Charles Boamah, and Treasurer, Hassatou N'Sele, who underscored the Bank's strong financial standing and preparedness to support the regional member countries.


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Despite the difficult and challenging global economic situation, African countries achieved considerable economic progress in 2015, registering a 3.6% average GDP growth during the ... Read more »