Listen to article
As part of their strategies, the African Development Bank (AfDB) has made a call on some world leaders and some other stakeholders to further implement and increase their financing to mitigate some of the effects of climate change and food insecurity.
The bank had also made the open call at the recently concluded 77th United Nations General Assembly (UNGA) meetings which had been held in New York.
Read Also: AfDB Inaugurates Youth Entrepreneurship Banks In Nigeria
The President, AfDB Group, Dr. Akinwumi Adesina had also led the bank’s delegation to some of the meetings and he had also played an active role in some of the discussions which had been leading to an international declaration to end malnutrition and stunting.
He had also revealed that the bank’s engagements had reflected its strategic priorities as African countries struggle with lingering impacts of the COVID-19 pandemic as well as food and fuel price spikes.
Adesina echoed this call for urgent action, saying: “Africa is suffering, Africa is choking, and is in serious financial distress for what it did not cause. There must be a greater sense of urgency, not in talking, but in doing and delivering resources that the continent needs very desperately.”
He had also stressed the need to finally restructure economies to become productive with education, infrastructure and energy, and ensure there are productive sectors that can use people’s skills and absorb them into the economy.