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*[image: african-development-bank.jpg]*
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*African Development Bank Group approves a new Ten-Year Strategy*
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*“This document reflects Africa’s vision for itself – a vision of
transformation that is achievable”, said Donald Kaberuka*
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**********************TUNIS, Tunisia,** April 30, 2013/ *– *The economic
transformation of the African continent is the cornerstone of the African
Development Bank Group’s new Ten-Year (2013-2022) Strategy (
http://www.afdb.org). The Strategy, which has been approved by the
Executive Directors of the Bank, emphasizes the quality and sustainability
of growth.
The Directors’ approval followed a wide and deep consultation process,
within and outside the Bank.
“This document reflects Africa’s vision for itself – a vision of
transformation that is achievable”, said Donald Kaberuka, President of the
African Development Bank Group since 2005. “It is a ten-year vision, which
can make this continent – within another generation – the global growth
pole that we know it can be and want it to be: a place fit for our
aspirations and those of our children.”
“The Strategy reaffirms the Bank’s strategic choices around infrastructure,
economic integration and the private sector. It charts the way towards
inclusive growth that spans age, gender and geography, and takes special
account of Africa’s fragile states which are home to 200 million people, as
well as building climate resilience and the sustainable management of
natural resources.”
The Strategy identifies the five main channels through which the Bank will
deliver its work and improve the quality of growth in Africa. They are:
infrastructure development, regional economic integration, private sector
development, governance and accountability, skills and technology. The new
strategy will also seek new and creative ways of mobilizing resources to
support Africa’s transformation, especially by leveraging its own
resources. Wider use of public-private partnerships, co-financing
arrangements and risk-mitigation instruments will draw in new investors.
Mr Kaberuka added: “In a decade of seismic shifts in the global economy,
Africa has defied the pessimists and experienced significant growth. That
economic growth must now translate into real economic transformation, which
will bring jobs and opportunities to its citizens. That is what makes the
next decade so decisive, and the African Development Bank’s Strategy for
2013 to 2022 so vital”