– The meeting explores ways to strengthen collaboration between the UAE and the Bank
His Highness Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Governor of Dubai, Deputy Prime Minister and Minister of Finance, today met Akinwumi Adesina, President of the African Development Bank Group, on the sidelines of the World Summit of Governments (WGS 2022), which will take place at Expo 2020 Dubai.
During his talks with the President of the African Development Bank, His Highness Sheikh Maktoum highlighted new opportunities for the UAE and African countries to expand their economic relations. The UAE is committed to forging new partnerships with African markets not only to advance mutual strategic interests, but also to expand global trade, he noted.
His Highness expressed his gratitude for the efforts of the African Development Bank to stimulate sustainable economic development and social progress in African countries and to promote economic integration on the continent. His Highness Sheikh Maktoum also discussed ways to strengthen ties and establish closer collaboration between the UAE and the African Development Bank Group in various sectors in which the Bank is active, including infrastructure financing. ports in Africa, the green economy and renewable energies.
The President of the African Development Bank Group said he looked forward to seeing the UAE become a bigger partner and an important investor in Africa. He pointed out that there are many things the African Development Bank and the UAE can do together. Adesina is currently on a three-day official visit to the United Arab Emirates.
The meeting was attended by His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum; Her Excellency Reem bint Ebrahim Al Hashimy, UAE Minister of State for International Cooperation and CEO of Expo 2020 Dubai; His Excellency Mohamed bin Hadi Al Hussaini, Minister of State for Financial Affairs; His Excellency Sultan Ahmed bin Sulayem, Chairman of Ports, Customs and Free Zones Corporation; and His Excellency Essa Kazim, Governor of DIFC.
Created to promote economic and social development efforts on the continent, the African Development Bank (AfDB) Group comprises three entities: the African Development Bank (AfDB) which is the parent institution, the African Development Fund ( FAD) and the Nigeria Trust Fund (NTF). Members of the AfDB Group include 54 African countries and 26 non-African countries.