By Our Reporter
The President of the African Development Bank (AfDB), Mr. Akinwumi Adesina has been re-elected for another five-year term.
The re-election took place electronically during AfDBs’ 2020 Annual Meeting.
He disclosed his intentions to run as the multilateral bank’s President for a second time yesterday.
Mr. Adesina stressed the need for unity to enable the continent to pull together and stay focused on the goal of fighting the effect of the pandemic on Africa’s economy. According to him, “pulling together has always been the strength of the African Development Bank.”
He said that Africa has lost a decade’s worth of economic growth due to the pandemic and that despite Africa’s recovery being long, the need for unity would be needed now more than ever in the AfDB.
“Now we must help Africa to build back, boldly, but smartly, paying greater attention to quality growth: health, climate, and the environment,” he added.
He also disclosed that the bank’ Board of Directors were able to launch support schemes to cushion the effects of the pandemic.