Nairobi Kenya hosted the 59th Annual Meetings of the African Development Bank (AFDB).
Over 3,000 participants from 82 countries attended the 5-day event.
A Reform of the Global Financial Architecture to take into account climate-related challenges was high on the agenda this year.
The Afdb says that African countries should mobilize 213 billion dollars annually from the private sector to bridge the climate financing gap by 2030.
This is a priority for the bank’s outgoing president.
” I think it’s very important that we realize that the world we are in, we are custodians of it, not for ourselves, but for the future generation that are coming,” Akinwumi Adesina said.
“And that future generation, they’re already here. We have 477 million Africans, young people below the age of 35, from 15 to 35. We have to make sure that we are able to build climate resilience for Africa. We also have to make sure that we make the young people part of the solution, not just people that are dependent on others. And that’s why at the African Development Bank, we have a program that supports young people to set up businesses on climate adaptation, climate mitigation. We provided financing to be able to do that.”
