The Third African Development Forum (ADF III): Opening remarks by Omar Kabbaj, president of the African development bank group at the African development forum

Abstract

Opening Remarks by Omar Kabbaj, President of the African Development Bank Group at the African Development Forum (ADF III). Mr. Kababaj, on his remarks, outlined that, at its establishment in 1964, the African Development Bank was mandated to promote regional integration on the continent. To operationalize its regional integration strategy, the Bank has developed a comprehensive Policy Paper on Economic Cooperation and Regional Integration, which our Boards of Directors approved in 2000. the Bank Policy Paper on regional integration fully recognizes that Africa's development challenges demand a multifaceted and flexible approach in a changing domestic and global policy environment. At the regional level, the Bank has put emphasis on enhancing economic cooperation and deepening integration through the promotion of economic reforms, institutional capacity building and investment promotion. The Bank has financed and co-financed several policy-based programs with regional dimensions.