The African Development Bank on Thursday pushed back against World Bank Presiden...
FILE PHOTO: The headquarters of the African Development Bank are pictured in Abidjan, Ivory Coast, January 30, 2020.REUTERS/Luc Gnago/File Photo
Malpass said at a World Bank IMF debt forum on Monday that the African Development Bank was “pushing large amounts of money into Nigeria, South Africa, and others without the strongest program to sustain it and push it forward.” He said the AfDB, the Asian Development Bank and official export credit agencies had a tendency to lend too quickly, worsening challenging debt problems in emerging market countries.
The Abidjan, Cote d’Ivoire-based development lender said it provides a strong governance program for its regional member countries that focuses on sustainable financial and debt management, transparent natural resources management, and mobilization of domestic resources.
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