Senegal: Launching the first SME finance academy in Africa

57And The Annual Meeting of the African Development Bank and the 48th Annual Meeting of the African Development Fund will take place from 23 to 27 May 2022. In view of the Covid-19, the meetings will be held in a format that combines physical presence of Governors, Directors and Senior Bank officials at the Accra International Conference Center, and virtual attendance for other participants.

Ghana’s Finance Minister, Kenneth Ofori Atta, current Chairman of the Bank’s Board of Governors, and Bank Group Secretary General, Vincent Nemehill, signed the agreement to organize the annual meetings. The Finance Minister announced that Ghana is ready to make this event a “huge success unprecedented in the history of the African Development Bank Group”.

Mr. Ofori Atta emphasized the role and strategic importance of the African Development Bank Group in serving as a catalyst for economic development in Africa, particularly in the face of the devastating impact of the health and economic crisis caused by the COVID-19 virus and climate. they change.

“We find ourselves in extraordinary circumstances and we must do whatever is necessary to ensure that the African Development Bank becomes the institution that our citizens fundamentally need and which, through its activities, responds to the daunting challenges facing our continent,” he said.

He commended the Chairman of the African Development Bank Group, Dr. Akinwumi A. Adesina, for his efforts in making the institution a “pillar” for Africa’s transformation. While Mr. Ofori Atta acknowledged that progress had been made, he noted that it was not enough to enable the continent to ensure a green, inclusive and robust recovery from Covid-19.

The Annual Meetings are the most important annual legal event of the African Development Bank Group. It enables the Boards of Governors of the Bank and the African Development Fund to review the annual activities of the group and set new directions. The 2022 edition will also be an opportunity to assess the continent’s response to the Covid-19 pandemic, in particular how to enhance vaccination coverage and deal with the growing threat of climate change.

According to the Secretary General of the African Development Bank Group, the signing of the MoU defines the responsibilities of the host country and lists the various requirements related to hosting these meetings. It marks the beginning of planning for the 2022 edition. In addition to key legal commitments, the Annual Meetings will host dedicated educational events where the challenges of the continent, including cross-cutting development issues, will be discussed.

“On behalf of Dr. Akinwumi Adesina, President of the African Development Bank Group, I would like to assure the Government of Ghana the commitment and readiness of the African Development Bank Group to work with you for the success of the meetings. We will continue our cooperation with the host country team throughout the preparatory process,” emphasized Mr. Namhil.

The Secretary General also affirmed the Bank’s appreciation to Ghanaian President Nana Akufo-Addo for his continued support to the Foundation. The signing of the MoU was witnessed by senior officials of the Bank including Country Director for Ghana, Eyerusalem Fasika and senior officials from the Ghanaian Ministry of Finance.

In 2020, the Annual Meetings of the African Development Bank Group were held by video, for the first time in its history, due to the health restrictions associated with the COVID-19 pandemic. Ghana is a member of the African Development Bank Group since its inception in 1964.

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