The
African Development Bank (AfDB) Group holds its 2013 Annual Meetings in
Marrakech, Morocco, from 27 to 31 May 2013.
More
than 2,500 delegates including finance ministers, central bank governors and
CEOs from the institution’s 78 member countries will participate in the
meetings.
Organised
on the theme, “Africa’s Structural Transformation,” the gathering will review
the Bank’s 2012 operations and its 2013 development funding portfolio, as well
as challenges facing the African region in key areas such as climate change,
infrastructure, private sector and governance.
The
AfDB is Africa’s premier development finance institution established in 1964 to
mobilise resources for the economic and social development of its 53 regional
(African) member countries by focusing on poverty reduction and promoting
sustainable growth. The Bank approved 3,661 loans and grants totaling UA 60.06
billion (about $US 92.57 billion) to the RMCs from 1967 to 31st December 2011.
Delegates
representing other multilateral finance institutions, development agencies,
private sector chief executives, non-governmental and civil society
organisations as well as the media will also attend the meetings. Key decisions
about the Bank Group are made at these meetings.
From
27 May, there will be a series of high-level seminars and other side events on
the continent’s economic, social and political situations, and how they can be
leveraged to accelerate the continent’s transformation.
The
Bank believes that “Structural transformation cannot take place without
investment in infrastructure, agriculture, skills training and education and
broader engagement with the private sector.”
Morocco
hosted the Annual Meetings in 1974, in Rabat.
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