African leaders call for quick financial reforms
The governors of the member countries of the African Development Bank Group urged for the acceleration of the implementation of Africa's new financial architecture (NAFAD) to promote development. They called for intensified cooperation with multilateral development banks and other partners to finance structural transformation and inclusive growth across the continent. They emphasized the importance of supporting economic stability, protecting vulnerable groups, achieving food security, and adapting to climate change, with a focus on debt sustainability, infrastructure investment, and investment in human capital. They commended the bank's performance during 2025, noting approvals of nearly $8 billion in financing and support to 50 countries through 200 projects.
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