Sierra Leone - AfDB Links Regional Integration to Development Results
The African Development Bank is prioritizing regional integration and innovative financing to drive economic growth across West Africa. The initiative focuses on infrastructure and connectivity projects to mobilize capital and reduce investment risks.
Why it matters
Strengthening regional economic ties is seen as a critical pathway for sustainable development and industrialization in African nations.
The President of the African Development Bank Group, Dr Sidi Ould Tah, has emphasised the importance of regional integration as a driver of economic transformation, competitiveness and resilience across West Africa.
In remarks delivered on his behalf at the 69th ECOWAS Summit in Freetown, Sierra Leone, by Abdul Kamara, Acting Vice President for Regional Development, Integration and Business Delivery and Director General for the Nigeria Country Department, conveyed the President's call for stronger regional integration and innovative financing to accelerate Africa's development.
Dr Ould Tah highlighted the need to mobilise greater volumes of capital to support Africa's ambitions and finance the infrastructure, industrial development and regional connectivity projects needed to unlock sustainable growth.
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