AfDB meeting

As a prelude to the 54th Annual Assembly of the Board of Governors of the African Development Bank (AfDB), which is to take place from 11th to 14th June in Malabo, the Minister for Finance, the Economy and Planning, President of the Board of Governors of AfDB, Cesar Augusto Mba Abogo, travelled to Abiyan, Ivory Coast, where the headquarters of the institution will be established.

At Felix Houphouet Boigny International Airport, he and his delegation was received by the Equatorial Guinea Extraordinary Plenipotentiary Ambassador to Ivory Coast.

The Equatoguinean minister oversaw the meeting in the presence of the Ambassador from Ivory Coast, and board members and senior officials from AfDB. The main topics at the meeting focussed on an increase in the monetary capital of 2.5 million dollars in accordance with the “High 5 to transform Africa” programme, initiated by the President of the Bank, Akinwumi Adesina, to finance more development projects for the benefit of African peoples. Various projects such as the evaluation of startups and the skills of young people in ICT, access to improved agricultural technology, under the “Feed Africa” priority heading, access to improved transport services under the “Integrate Africa” priority heading, and an improvement in access to water and sewage systems are covered under the action plan.

According to the conversations held, the increase in capital at the bank will allow more support to Africa, in order to meet the goals of the 2063 agenda known as “The Africa we want”, and will have greater impact.

We know that since 2010, Equatorial Guinea has had support from AfDB, financing various development projects and the construction of a health and blood transfusion centre in the provinces and districts of the nation. This support is going to increase through the promise of the President of AfDB to H. E. Obiang Nguema Mbasogo during his visit on 18th May of finance worth 700 million dollars to support the agricultural sector.

Source: Equatorial Guinea Press and Information Office

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