This year’s annual meetings are hosted by Egypt, represented by the Central Bank of Egypt, in the city of Sharm El-Sheikh from May 22 to May 26 2023, under the theme " Mobilizing Private Sector Financing for Climate and Green Growth in Africa".
The opening
ceremony witnessed the presence of a number of Heads of African states and
regional institutions, including H.E. Mr. Azali Assoumani, President
of the Union of Comoros and Chairperson of the African Union, H.E.
Mr. Emmerson Mnangagwa, President of Zimbabwe, and Mr. Moussa Faki,
Chairperson of the African Union Commission. In addition to the
attendance of distinguished guests including Prime Ministers, Ministers of
Finance, Governors of Central Banks, private sector representatives,
academics, and development partners from 81 regional and non-regional member
countries of the African Development Bank Group.
At the
outset of the Opening Ceremony, H.E. President Abdel Fattah El-Sisi welcomed
the Heads of States, Heads of delegations, and representatives of regional and
international institutions participating in the meetings. H.E. expressed his appreciation for the vital role of
the African Development Bank in supporting developmental efforts in
Africa, especially in light of the growing economic disruptions that have
overtaken international scene.
H.E.
President Abdel Fattah El-Sisi emphasized that Egypt continues to support
efforts to achieve economic development for African countries, both regionally
and internationally. H.E. called on the participants to take advantage of these
meetings to set a clear agenda of funding priorities for Africa to address the
impact of climate change and the transition towards a green economy, in alignment
with the outcomes of the United
Nations Climate Summit COP27 hosted by Egypt last year.
H.E. Mr. Hassan
Abdalla, Governor of the Central Bank of Egypt and Chairperson of the Boards of
Governors of the African Development Bank Group, stated that "Given the
challenges facing the budgets of most African countries, it is necessary to encourage the private
sector to direct more investments towards environmentally- friendly projects,
shift from debt-based investments to actual capital investments and enhance the
partnership between the public and private sectors."
The opening session also included speeches by H.E.
Mr. Azali Assoumani, President of the Union of Comoros and
Chairperson of the African Union, Mr. Moussa Faki, Chairperson of the
African Union Commission, and Professor Vincent Nmehielle, Secretary General of
the African Development Bank Group. Following the Opening Ceremony, a
high-level presidential dialogue on the structure of the global financial
system and the role of multilateral development institutions in mobilizing
private sector financing to adapt to climate change and achieve green growth in
Africa took place.
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