'The AfDB, under the leadership of Adesina, has been doing a remarkable job in steering the organisation.' AfricanUnion AfricanDevelopmentBank AfDB Adesina
Fifteen leaders of the African Union , all of them former heads of states of their respective countries, have jointly issued a caution note to the Board of Governors of the African Development Bank over the controversy surrounding the investigation of alleged ethical abuses levelled against the AfDB President, Dr. Akinwumi Adesina, raised by a whistleblower.
“The Bank announced a $10billion crisis response facility to support countries in Africa. The Bank also successfully launched COVID-19 social bond, the largest ever US dollar-denominated bond in world history. “Across the continent, the Bank’s presence and work have been highly visible and impactful. In less than five years, the Bank’s High 5 agenda has impacted over 333 million people, from access to electricity, food security, access to finance via the private sector, improved transport and access to water and sanitation. The Bank has maintained its stellar AAA rating among all global rating agencies.
“The Chairman of the Board of Governors, based on the report of the Ethics Committee, declared Adesina exonerated. We understand that the Bank fully followed its rules, procedures and governing systems, which have served it well since African countries established it in 1964.
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