Les projets financés par la BAD ont un impact direct sur la vie de plus de 565 millions de personnes en Afrique
Summary of Akinwumi Adesina’s Statements on African Development
On Monday, Akinwumi Adesina, the President of the African Development Bank (AfDB), emphasized the institution’s unwavering commitment to Africa’s development during a press conference in Abidjan, coinciding with the opening of the bank’s annual meetings from May 26 to 30. The theme for this year’s assembly is "Maximizing Africa’s Capital for Development."
Adesina highlighted the positive impact of AfDB-funded projects, which have directly benefited over 565 million individuals across the continent. He provided a detailed account of achievements during his two terms, noting that the AfDB has become a globally recognized financial institution, acclaimed as the best multilateral financial entity worldwide.
Among the significant contributions of the AfDB, he reported that 128 million people have gained improved access to healthcare services and 121 million have benefited from enhanced transportation. In terms of food security, the bank has positively affected 104 million people, while 63 million now have access to clean drinking water. Additionally, projects focused on improving sanitation networks have assisted 34 million, and 28 million individuals have gained access to electricity. Adesina noted that the bank collaborates with the World Bank and other partners under the "Energy Mission 300" initiative, aiming to provide electricity to an additional 300 million Africans by 2030.
These accomplishments, he explained, align with the "High 5" strategic priorities he set at his election in 2015, which focus on:
- Powering and illuminating Africa
- Improving food security
- Promoting industrialization
- Enhancing continental integration
- Raising the quality of life for citizens
Adesina expressed hope that his successor, to be appointed during this assembly, will continue to drive these priorities with the same determination and dedication.
Further, he highlighted significant growth in the bank’s capital, which has increased from $93 billion in 2015 to $318 billion today. The African Development Fund (ADF) has also raised $8.9 billion during its sixteenth replenishment, thanks in part to notable contributions from countries like Algeria.
Adesina underlined the AfDB’s evolution into a human-centered bank focused on developmental solutions for Africa. He characterized this year’s annual meetings as particularly important due to the upcoming presidential election for the bank. While acknowledging potential changes in leadership, he reassured stakeholders that the bank’s mission remains steadfast, with a stable compass and secure sails.
In addition to the capital growth, Adesina pointed to the success of the African Investment Forum, which has reportedly raised over $225 billion for various investment projects. The bank’s efforts have also provided support to countries such as Egypt, Togo, Benin, and Côte d’Ivoire with guarantees to enable them to secure substantial international financing.
However, Adesina acknowledged that many African nations face challenges, particularly due to the high costs associated with external debt services, urging collective efforts to address these issues.
In conclusion, Akinwumi Adesina reiterated the AfDB’s mission and future commitments towards driving sustainable development across Africa, fostering collaboration to overcome economic challenges, and enhancing the quality of life for millions. His leadership has underscored the importance of infrastructure, food security, and energy access as critical components of Africa’s developmental strategy.
