African Development Bank (AfDB) Group annual meeting
India will be hosting the next Annual
Meetings of the African Development Bank (AfDB) Group in Ahmedabad in May 2017.
Key facts:
- In this regard, a MoU has been
signed between GoI and AfDB. The MoU outlines the roles of Govt of India
and AfDB.
- The mega international event will
be attended by more than 5000 delegates from 80 member countries of the
African Development Bank including the Governors, Alternate Governors,
Executive Directors, policy makers and businesses.
Background:
The African Development Bank (AfDB) was
established in 1963 with a view to promote the Economic Development and social
progress of its regional members.
India and AfDB:
India became member of the African Development Bank (AfDB) in
1983. The Union Finance Minister and Secretary, Department of Economic Affairs
(DEA), Ministry of Finance are the Governor and Alternate Governor of the Bank
respectively.
