The African Development Bank, AfDB says it will leverage the private sector to address the various financial gaps on the continent.
First Vice President for the Economic Governance and Knowledge Management Complex of the bank Professor Mr Kelvin Urama disclosed this during the virtual Pre-Annual Meetings media conference.
The briefing was organised to herald the bank’s annual meetings, scheduled to hold from May 22 to May 27 in Sham El Sheikh, Egypt.
According to Mr Urama, the need for financing for Africa is very humongous for the public sector financing to meet those demands.
He also noted that the bank is focusing on how to leverage the private sector to address the financial gaps for achieving the paramount actions and bring good transitions on the continent.
Mr Urama said there would be an inauguration of the African Economic Outlook 2023 which will focus again on mobilising private sector financing for climate change and green growth in Africa.
