African Development Bank annual meeting focuses on domestic financing amid aid cuts and Ebola concerns
The African Development Bank (AfDB) held its annual meeting in Congo Republic, with leaders discussing how to address a $400 billion annual development financing gap as overseas aid dropped 24% to $174.3 billion. The meeting was overshadowed by an Ebola outbreak in neighboring Democratic Republic of Congo, which could reduce attendance. AfDB President Sidi Ould Tah proposed the New African Financial Architecture for Development (NAFAD) to mobilize Africa's own resources.
No left-right split here
Coverage clusters in the center and international press. Here is each take as it stands.
“AfDB meets under Ebola's cloud as Africa hunts for development cash at home”
“African Development Bank meets as shrinking aid, Ebola cast long shadows”
“African Development Bank President on Ebola, Budgets”