Published
1 month agoon
This is according to a disclosure made available on AfDB website, signed by Amba Mpoke-Bigg on behalf of the Communications and External Relations Department.
According to the notice, the award demonstrates global recognition for the path-breaking efforts undertaken by the Bank, as it continues to transform itself into a solutions bank for Africa, through a combination of its operations, knowledge services and investment positioning. It is an affirmation that the operational strategy deployed by the current president of the Bank, Akinwumi Adesina has been successful.
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Commenting on the development, the president of AfDB, Akinwumi Adesina said:
‘’ I am delighted at Global Finance’s recognition of the African Development Bank as the best multilateral financial institution in the world in 2021. I am proud that for first time since its establishment in 1964, the African Development Bank has risen to a position as a foremost globally-respected financial institution.
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“The extraordinary support of our shareholders and the strong corporate governance of the Bank’s board of directors have served us well. We will continue to leverage our resources to better serve our clients. We are constantly innovating, developing and deploying financial, investment and knowledge products to meet the rapidly changing needs of African countries and the private sector.”
Recall that in 2020, the Bank received encomiums world-wide over its pioneering role in the global social bond market and for its front line role in meeting regional needs amid a turbulent African economy ravaged by the COVID-19 pandemic.
READ: AfDB agrees to the review of ethics committee’s report on Akinwumi Adesina
Janet Feranmi, a first-class graduate in Mass Communication. She graduated 2017. A Content Creator, lover of Dog. She writes for Daily news and also for Tropics.ng
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