AfDB Adopts Fresh Strategy For Dev

The African Develop
ment Bank (AfDB) has said that it has approved new strategy to address the fragility that undermines the development of some states in the continent.
The bank in a statement made available to The Tide on Friday in Abuja said the strategy would pave way for a more resilient and inclusive development trajectory in Africa in the next six years.
According to the statement, the proposed approach is country-led and relies on strong partnerships as well as strategic alliance stating that the strategy was as a result of determination to be at the centre of African development.
It said that the continent had seen enormous growth and transformation that had expanded opportunities improved living conditions for millions of people in the past decades.
It added that the AfDB’s report on fragile states showed that there were significant risks in such states, like poverty, unemployment, climate change and poor management of natural resources.
“The discussions of current and former African Heads of state during the AfDB Group’s Annual  Meeting in Kigali, Rwanda in May highlighted that no country is immuned to fragility.
“Policy makers emphasised the critical role of leadership, the multiple sources of fragility, the political dimension of conflicts, and the limited capacity of institutions to put in place mechanisms for dialogue and reconciliation,” it said.
According to the statement, the AfDB has been called to play its role in this context and to mobilise regional and international efforts to address the development challenges.
It noted that AfDB would make use of all available instruments and focus its resources on areas it would have impact.