CBE Governor: AfDB Plays Key Role in Promoting Economic Development within Continent

Hassan Abdullah, Governor of the Central Bank of Egypt (CBE) and Chairman of the Board of Governors of the African Development Bank (AfDB) praised the important and vital role of multilateral development institutions, in particular, the African Development Bank as a major and important player in African development, through the active efforts it makes in all fields, foremost of which is mobilizing the necessary financing and enhancing the participation of private capital in the economies of the countries of the continent.

This comes within the framework of the Egyptian state’s keenness to strengthen and deepen cooperation with African countries in all fields, especially economic ones, during the 2023 annual meetings of the African Development Bank in Sharm el-Sheikh, Egypt.

Abdullah said: “I am pleased to welcome all of you to the annual meetings of the African Development Bank for the year 2023, as I am honored to convey the greetings of His Excellency President Abdel Fattah El-Sisi, who directed providing full support to ensure the success of this important event."

In a welcome message, he added: “After Egypt’s success in hosting COP27, in addition to other major events including the Annual Meetings of the Islamic Development Bank for the year 2022, I am confident that the Annual Meetings of the African Development Bank 2023 in Sharm El-Sheikh will be an exceptional event. ".

The governor affirmed that Egypt's hosting of the annual meetings for this year confirms the state's firm determination to support integration and development among the countries and institutions of the African continent through permanent and continuous cooperation with development partners, led by the AfDB.