African Development Bank counters ‘misleading’ World Bank comments
The head of the World Bank says the AfDB lends too much and too quickly to emerging markets, which the AfDB says is not ‘fact-based’
14 February 2020 - 11:16
Washington — On Thursday, the African Development Bank (AfDB) pushed back against World Bank president David Malpass’s comments that it and similar regional development banks were contributing to emerging-market debt problems, saying that his criticism is “misleading and inaccurate”.
Malpass said at a World Bank-International Monetary Fund (IMF) debt forum on Monday that the AfDB is “pushing large amounts of money into Nigeria, SA, and others without the strongest programme to sustain it and push it forward”...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.