Kaberuka outlines Africa50Fund vision

The African Development Bank (AfDB) emerged from its late May annual meetings in Marrakech with its Ten-Year Strategy approved, its reputation generally enhanced and the announcement of an initiative to tackle the continent’s infrastructure deficit. The Africa50Fund is conceived of as a multi-billion dollar investment instrument that will draw on the growing pool of local savings and input from sovereign wealth and other funds, backed by bonds leveraged off the AfDB’s triple-A credit rating.