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CGD Policy Blogs

 

Why An African Development Bank?

I arrived in Abidjan, Cote d’Ivoire in February, 1994 to begin what was to be an almost 5 year tenure in the Office of the U.S. Executive Director to the African Development Bank. It was a tenure that would see the Bank, under President Babacar Ndiaye, driven to the brink of collapse and a Bank, under President Omar Kabbaj, reestablish its financial standing and regain some (though not much) program and institutional credibility.