Incumbent President of the African Development Bank, Dr Akinwumi Adesina, will this Wednesday be running as the sole candidate for president of the AfDB, for a new five-year term at the bank’s next annual general meeting.
The bank’s annual meetings would be held virtually, for the first time to comply with the COVID-19 pandemic-related social distancing guidelines.
For several months, the bank had been extending support to regional member countries in cushioning their economies, health systems, and citizens’ livelihoods from parallel health and economic impacts from COVID-19.
In April 2020, the bank established a COVID-19 response facility of up to $10bn to extend flexible support to African sovereign and non-sovereign operations. In August, $2.29bn in CRF funding was approved for AfDB member countries.