The search for a new president of the African Development Bank (AfDB) is intensifying as Dr. Akinwumi Adesina prepares to leave his position on August 31, 2025. Adesina's leadership has prioritized economic and social development, resulting in resilient growth across Africa amid global challenges like inflation and climate change. He highlighted the success, with eleven of the world's fastest-growing economies stemming from Africa, yet acknowledged significant challenges remain, particularly the need for concessional financing as countries recover from the impacts of Covid-19. Five candidates are vying for the position.
"Despite the headwinds that Africa has faced globally in terms of global inflation, Africa continues to post very resilient growth."
"We still need to provide a lot of concessional financing to African countries because there is still a tapering effect of the Covid-19 situation that many of the countries are still coping with."
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