cc As the African Development Bank (AfDB) holds its 44th annual assembly, African civil society groups met at a forum in Dakar to express their deep dissatisfaction with the bank's policies. Forum participants allege that the bank does not fully understand the implications of the global financial crisis for Africa and that it has done nothing more than peddle the neoliberal ...read more
cc As the African Development Bank (AfDB) holds its 44th annual assembly, African civil society groups met at a forum in Dakar to express their deep dissatisfaction with the bank's policies. Forum participants allege that the bank does not fully understand the implications of the global financial crisis for Africa and that it has done nothing more than peddle the neoliberal line of institutions like the World Bank and International Monetary Fund (IMF). They also say that it has failed to come up with a single initiative of its own to tackle the African debt crisis. The forum stressed the need for the AfDB to be an institution committed first and foremost to the welfare of the African people if it is to promote sustainable development and food sovereignty successfully.