The Executive Board of the International Monetary Fund (IMF) discussed the first review of the Staff-Monitored Program with Executive Board Involvement (PMB) for Malawi. Malawi has been affected by a series of shocks— including an outbreak of cholera and Cyclone Freddy, which caused significant loss of life and damage to infrastructure—since the approval of the PMB on November 11, 2022.

The first 5.5 km section of the Niš-Merdare highway was opened today by Republic of Serbia President Aleksandar Vučić and the Ambassador of the European Union to Serbia Emanuele Giaufret, in the presence of representatives of EIB Global, the European Bank for Reconstruction and Development (EBRD) and Serbian ministers. The contract for this first section of the highway was signed in September 2021 during the visit of European Commission President Ursula von der Leyen.

 Pembani Remgro Infrastructure Fund II investments will aim at developing industrial and green infrastructure projects.
 

African Development Bank Group President Dr Akinwumi Adesina on Sunday, outlined the Bank’s significant achievements and commitments to Africa, underscoring the Bank’s determination to mobilise resources for driving economic transformation, climate resilience, and addressing the continent’s debt challenge, among other...

A delegation from the African Development Bank Group recently met senior government officials in Monrovia to discuss the Government of Liberia’s request for financing of a major highway along the country’s coastline.  

 Support from the African Development Bank for the Port of Cotonou will enable the construction of a new container terminal called “T5”, among other things. (© PROSPER DAGNITCHE / AFP)
 

The African Development Bank Group has appointed Ousmane Fall, a Senegalese national, as Director of Non-Sovereign Operations and Private Sector, effective from the 1st of August 2023.

A productive working meeting in Abidjan on Tuesday between Senior Vice-President of the African Development Bank Group Bajabulile Swazi Tshabalala and a delegation from the World Bank led by Managing Director for Operations Anna Bjerde has resulted in a mutual agreement to identify key areas for intervention and...

The African Development Bank has signed on as a partner of the Women Deliver 2023 Conference, a multi-sectoral gathering for advancing gender equality. The conference will debut in Africa, from 17 to 20 July in Kigali, Rwanda.