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Home Industries Financial Services

AfDB second term presidency for Adesina will deepen Brazilian ties with Africa – IBRAF President

William UkpebyWilliam Ukpe
3 years ago
in Financial Services
AfDB receives “AAA/A-1+” rating from S&P Global, Adesina, president, presidency. Cote d’Ivoire is supporting Akinwumi Adesina’s second term bid to head AfDB; Here’s why , African Development Bank launches US$ 2 billion 1.625% Global Benchmark due 16 September 2022

Akinwumi Adesina, President, AfDB.

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The President of the Brazilian Africa Institute (IBRAF), Prof Joao Bosco Monte has said that a re-election of Dr. Akinwunmi Adesina as President of the African Development Bank (AfDB) would strengthen ties between Africa and Brazil.

In a recent interview with Pan African Voices, Prof Monte expressed his appreciation for Dr. Adesina, especially with the agricultural projects that both organisations had successfully executed in Africa.

“I am optimistic about the possibility of Adesina being re-elected to the Presidency of the AFDB, especially when we see Brazil as a country that can work very closely with Africa, not only at the government level but also at the private sector,” Prof Monte said.

READ ALSO: COVID-19: AfDB unveils $10 billion facility for Nigeria, others

On the recent standoff between AfDB and the American government, Prof Monte said that he was very satisfied with the answers provided by Adesina on the allegations levelled against him.

“When we see countries like the US bringing issues about the leadership of President Adesina, we should understand what specifically are the reasons that the bank is being attacked by the US Government.

“We need to see details, but we also need to see concrete reason and the objective that the government of the U.S is bringing to damage the reputation of Adesina.

“My personal opinion is that he is doing a very good job and this is important for the brand and for Africa,” he said.

READ MORE: Okonjo-Iweala shares her plans for WTO, if appointed

Prof Monte also said that the partnership between both institutions was because of the “confidence and vision of President Adesina.”

He expressed confidence about the possibilities of Adesina’s re-election, saying, “I am optimistic about the possibilities of Adesina being re-elected to the presidency of the African Development Bank, especially when we see Brazil as a country that can work very close to Africa.”

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Tags: Akinwunmi AdesinaBrazilian Africa InstituteIBRAFProf Joao Bosco Monte

Comments 2

  1. Kamis Muhammad says:
    June 17, 2020 at 10:32 pm

    I want apply for the COVID_19 loan from Central Bank

    Reply
  2. Alvin Chidozie Anosike says:
    June 19, 2020 at 8:57 am

    With this better tie between Africa and Brazil, agribusiness and industrialization would be exploit in Africa. Brazil is always ready to partner with Africa. This I know very well even when I was a student of federal university of Rio de Janeiro

    Reply

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