AfDB 'wants to handle' resources of Africa
27 September 2010
The African Development Bank (AfDB) wants to be in sole charge of funds for Africa, one expert has claimed.
Compliance and safeguards division manager Anthony Nyong noted there are a number of reasons for making sure the AfDB should be given the chance to provide sustained resources to the area.
The institution would like the opportunity to "receive and manage" all sources of income, including long-term pledges made under the Copenhagen Accord, he remarked.
Mr Nyong argued the organisation's track record in developing a presence in Africa, coupled with its core understanding of the relative goals that have to be achieved put it in a good position to do so.
"The bank's hosting of Africa's portion of resources will improve access for African countries, increase ownership and address issues aligned to Africa's development," he added.
His comments come after Professor Gabriel Kabanda said the region needs to invest in better ICT programmes.