The President of the African Development Bank Group, Akinwumi Adesina, concluded a three-day official visit to Washington, DC on Saturday. During his visit, he met with the African Union's Group of 15 Finance Ministers (F15), where Adesina outlined the continent's immediate challenges and the solutions being applied to tackle them successfully. Top of Adesina’s list was a plan for massive food production in the face of a looming global food crisis caused by the Russian war in Ukraine war, and the need for a more flexible and substantial replenishment of the African Development Fund.

In a quest to improve healthcare infrastructure and local capacity in Tanzania, the African Development Fund has financed a new Tanzanian Center of Excellence for Cardiovascular Science. This state-of-the-art facility at the Muhimbili University of Health and Allied Sciences has been a welcome response to the rising number of cases of cardiovascular diseases that the country has been combatting in recent years. The center has a goal to train medical staff in cardiovascular disease prevention, disease treatment and rehabilitation of patients touched by cardiovascular diseases.

The main objective of the technical assistance (TA) was to accelerate the penetration of renewable energy in the Central Energy System (CES) in Mongolia by assessing the status and supply–demand projection of electricity and heat in the CES, identifying innovative energy storage technologies, assessing the market potential for energy storage, and developing an energy storage deployment strategy. This project was expected to lead to increased renewable energy capacity in Mongolia.
This report validates the completion report's assessment of the technical assistance.

The project’s rationale was hinged on the need for transitional assistance to rebuild or retrofit schools damaged by the earthquake, restore the livelihoods of affected households and communities through quick transfer of resources, and enhance disaster resilience through awareness building and training. The envisaged project’s impact was improved equity and enhanced social inclusion and enhanced disaster preparedness and resilience of earthquake-affected communities.

On 25 April EIB President Werner Hoyer participated in the United Nation’s Economic and Social Council (ECOSOC) Forum on Financing for Development. Together with Mrs Rebeca Grynspan, Secretary-General of United Nations Conference on Trade and Development, Mr Aiyaz Sayed-Khaiyum, Minister of Economy of Fiji and others, President Hoyer discussed how the availability of sustainable finance can be ensured despite current and future threats.

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