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Feyisayo Popoola
The African Development Bank applauds the African Export-Import Bank's efforts to advance intra-African trade
AfDB President Akinwumi Adesina described Afreximbank as a solid and reliable regional development. According to one statement, [traduction]
Afreximbank and the AfDB had a collaborative and productive relationship since its inception 25 years ago
. He said: "The recent positive rating from Moody's is a sign of Afreximbank's good management and the brand of shareholder confidence is also manifest in the increase in the capital base of the company. # 39; Afreximbank. "
"As a founder, the AfDB is proud of its pivotal role in setting up the Afreximbank Foundation and the institution's achievements as a strategic partner, particularly in the trade
Adesina said the ADB would remain supportive, firm and strong in its support for the continued growth of the import-export bank.
He added that the AfDB was also collaborating with the African Development Bank. African Union, Economic Commission for Africa, Regional Economic Communities, Afreximbank and other partners to ensure that African countries offer better trade facilitation, increased trade finance and policies to increase trade.
Adesina said that African countries were showing resilience, with intra-African trade rising from 10 percent in 2000 to 16 percent last year.
The signing of the agreement on the continental free trade area in Africa in March 2018 by the majority of African countries will allow the continent to trade more with itself and enhance its attractiveness as a destination. investment.
"Since AfCFTA's signature, the AfDB has earmarked $ 4.5 million to help boost intra-African trade and create more synergies with the Bank's top five priorities," she said. he said.
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