Adesina of the African Development Bank speaks at the OPEC Fund Development Forum 2023 | African Development Bank

What: Adesina of the African Development Bank speaks at the OPEC Fund Development Forum 2023

WHO: OPEC Fund for International Development; Akinwumi Adesina, chairperson of the African Development Bank Group; government leaders; and world experts

When: June 20, 2023

Where: Vienna, Austria (click here to attend virtually)

The president of the African Development Bank Group, Dr. Akinwumi A. Adesina, along with other world leaders, will speak at the 2023 OPEC Fund Development Forum in Vienna, Austria, on June 20, 2023.

Under the theme of “Driving Resilience & Equity”, the 2023 conference, a follow-up to last year’s inaugural event, will explore current challenges and opportunities for achieving transformative and sustainable development.

It will also provide a platform for networking and knowledge exchange between decision-makers and representatives of international organisations, businesses and civil society.

Dr. Adesina’s panel will examine the evolving development finance landscape and its implications for global development from the perspective of multilateral development banks. Other panelists are Dr. Muhammad Al Jasser, Chairman of the Islamic Development Bank Group, Rémy Rioux, CEO of Agence Française de Développement and OPEC Fund Director General Abdulhamid Alkhalifa.

Frannie Leautier, expert chair of the Independent Review of Multilateral Development Banks’ Capital Adequacy Frameworks, will open the conversation. More than 300 participants are expected, including representatives from 50 international development organizations.

The OPEC Fund for International Development is a globally mandated development finance institution that provides financing exclusively from OPEC member countries to third countries. Since 1976, the Fund has committed more than $22 billion of its resources to more than 4,000 projects in more than 125 countries around the world, with a total project value of nearly $190 billion.

The OPEC Fund and the African Development Bank have been partners since 1976. To date, they have co-financed nearly 90 energy, transportation and water projects, with the fund contributing more than $1 billion to projects worth more than $15 billion .

In November 2022, the two institutions agreed to expand their partnership to support sustainable economic and social development in Africa. Closer cooperation is expected to take the form of co-financing public and private sector projects, joint diagnostic and analytical work, and sharing knowledge and best practices.