Thursday 21 August 2014

As Afdb moves back to Abidjan, what is its potential for Africa?

This past week, the Africa development bank, Afdb moved back to Abidjan in Ivory Coast, perhaps in a move to show that the Ivory Coast economy had picked up, after the 2003 civil war shaved off nearly 40 percent from the economy.The bank's President, Donald Kaberuka, in a twitter message, explained that the bank couldn't be more positive about the economic prospects in Ivory Coast. Still, the bank was caught up
in yet another crisis in Tunis, Tunisia, where the Arab spring brought instabilities to Tunisia. Afdb is striving to be a model development bank for Africa, but has since faced criticisms of playing second fiddle to the World Bank and IMF.

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