NAIROBI, May 30 (Xinhua) -- The African Development Bank (AfDB) on Thursday launched its 10-year strategic plan that outlines how the pan-African lender will support the continent to accelerate inclusive green growth and resilient economies.
President of the AfDB Akinwumi Adesina told journalists in Nairobi, the capital of Kenya, that the strategy also outlines how the bank will invest in Africa's best asset, which is the youthful population presenting the region with an unparalleled demographic window of opportunity.
"The strategy also responds to the call for multilateral development banks (MDBs) to increase their focus on global and regional challenges as they affect the continent's progress, with a focus on the priorities of African countries, individually and jointly, in these turbulent times," Adesina said.
He noted that the blueprint also recognizes that women are strategically essential to Africa's social and economic transformation. "The strategy therefore calls for actions that accelerate the empowerment of women and close multi-sectoral disparities," Adesina added.
He noted that the plan also focuses on economic governance, including domestic resource mobilization, strong public expenditure and financial management frameworks, transparency, accountability and anti-corruption measures, and sustainable management of debt.
According to Adesina, the plan is grounded in Africa's vision as reflected in the African Union's Agenda 2063, which aims to deliver transformational outcomes for Africa's peoples. ■