In the wake of the outbreak of COVID-19 and the resulting global disruption, the 2020 Annual Meetings of the African Development Bank and the African Development Fund will now hold from 25-27 August 2020 in Abidjan, Cote d’Ivoire.
The meetings were originally scheduled for May 25-29.
Please visit www.afdb.org for updates on the 2020 Annual Meetings.
A new wave of billions of locusts is set to devour crops across the East and Horn of Africa region, setting off concerns about regional food security and livelihoods of millions of farmers. We asked African Development Bank Chief Financial Economist Edson Mpyisi about the locust crisis and the Bank’s work to help affected African nations to cope.
Question: Locust swarms come around every 10 to 15 years, they're nothing new. What makes this season's swarms in East Africa and the Horn different?
The African Development Bank Group on Wednesday announced the creation of the COVID-19 Response Facility to assist regional member countries in fighting the pandemic.
The Facility is the latest measure taken by the Bank to respond to the pandemic and will be the institution's primary channel for its efforts to address the crisis. It provides up to $10 billion to governments and the private sector.
Akinwumi Adesina, President of the African Development Bank Group, said the package took into account the fiscal challenges that many African countries are facing.
The African Development Bank (AAA) has raised an exceptional $3 billion in a three-year bond to help alleviate the economic and social impact the Covid-19 pandemic will have on livelihoods and Africa’s economies.
The theme of this year’s World Water Day, observed on 22 March, is water and climate change. The issue has taken on greater urgency, given the global spread of coronavirus, also known as COVID-19, responsible for over 13,000 deaths worldwide to date.
Hand washing with soap and water is the first line of protection against coronavirus. Scientists say soap renders coronavirus cells inactive and weakens the virus’ bonds to the skin.
The African Development Bank on Wednesday announced health and safety measures to help prevent the spread of the coronavirus in countries where it has a presence, including its headquarters in Abidjan. The measures include telecommuting, video conferencing in lieu of physical meetings, the suspension of visits to Bank buildings, and the cancelation of all travel, meetings, and conferences, until further notice.
The African Development Bank joins the global community in celebrating 50 years of Earth Day on the theme “Climate Action”, notwithstanding the disruptions by the current COVID-19 pandemic. The combination of COVID-19 pandemic and enhanced climatic threats exacerbates Africa’s vulnerabilities and developmental challenges.
The African Development Institute of the African Development Bank will host a virtual seminar on Wednesday, 29 April 2020 to develop responses to macroeconomic policy challenges facing Africa nations in the wake of the COVID-19 pandemic.
Like elsewhere, African countries are not spared the devastating impacts of the COVID-19 pandemic on their national health systems, economies, trade, cultures, societies and livelihoods. The public and private sectors, individuals and communities are struggling to respond to the pandemic amid commercial lockdowns and disruption of income sources.
During World Health Worker Week 2020 (5-11 April), the African Development Bank joins the global community to celebrate and recognise the contributions of health workers, including nurses and midwives, on the frontlines of the ongoing international response to the COVID-19 pandemic.
The African Development Bank’s “Fight Covid-19” social bond, the largest social bond to date to be issued in the capital markets, listed on London Stock Exchange on Friday 3 April 2020, and is now available through its Sustainable Bond Market.
The listing marks an important milestone as the Bank launches its first bond on London Stock Exchange.
The over-subscribed transaction, which attracted $4.6 billion of interest in the book and raised an exceptional $3 billion, was launched to alleviate the impact of Covid-19 on Africa’s economies and livelihoods.