The African Development Bank (AfDB) commits 60% of all its lending to the development of infrastructure in Africa, with the aim of interconnecting countries across the continent, Bank’s Vice President Mtuchi Ncube said here Friday.
“Although the financial commitment to infrastructure has been 60 percent, AfDB is working to improve resilience to climate change and also interconnect various landlocked countries,” Mr Ncube said while addressing a regional workshop due to round off here Friday.
“AfDB is confident that if we use results from our own experiences based on the knowledge and skills that we have acquired at the bank’s level, we can better design our projects. Through monitoring and evaluation, we can measure the results of our actions in terms of improving our conditions of life, but this also allows us to know the effectiveness of what we have achieved on the field,” he said.
Secretary General in Senegal’s Ministry of Economy and Finances Ngouda Fall Kane, who presided at the workshop, noted that Africa is today recognised as the continent of future opportunities.
“This perspective can be achieved, but we must be able to learn from our experiences to improve our practices. Development actors must therefore be ready to draw lessons and learn from the past experiences,” he said.