WASHINGTON D.C., United States of America, October 16, 2025/APO Group: The African Development Bank Group President Sidi Ould Tah held a meeting with the finance ministers of Gambia, Ghana, Liberia, Sierra Leone, and Sudan this week, thus reaffirming the Bank’s partnership with the constituency while pledging to deepen cooperation on economic transformation and resilience.
The talks, held on the sidelines of the 2025 World Bank and International Monetary Fund Annual Meetings in Washington, DC, USA, centred on economic challenges, debt vulnerabilities, and the region’s development priorities, as well as the African Development Fund’s upcoming 17th replenishment (ADF-17).
The ministers, who also serve as Governors on the Bank’s Board, congratulated Dr. Ould Tah on his recent election as Bank president and praised his previous record of leadership, including his achievements as head of the Arab Bank for Economic Development in Africa (BADEA).
Ghana’s Minister Cassiel Ato Forson lauded Dr. Ould Tah as “the right leader to take the African Development Bank Group to the next level” and endorsed the Bank Group’s efforts to link agricultural transformation with Africa’s new financial architecture and green industrialization agenda.
The five countries also reaffirmed their commitment to the African Development Fund (ADF) and pledged early support for the ADF-17 replenishment, set to take place in London in mid-December.
In a strong signal of confidence in the Bank’s governance and strategic direction, the Ghanaian minister said that his country will accelerate its subscription payment and co-host an ADF-17 pledging session with the United Kingdom.
The five governors also expressed strong support for the Bank’s strategic priorities in industrialisation, energy access, and private-sector growth, with Sierra Leone stressing the transformative potential of Mission 300 – a joint initiative with the World Bank to extend energy access to an additional 300 million Africans by 2030 – to accelerate regional value chains and job creation.
The ministers also voiced concern over rising debt vulnerabilities across Africa, urging the Bank to step up its support for debt restructuring, sustainability, and domestic resource initiatives. They also underscored the vital need to tackle cross-cutting priorities under ADF-17 — including fragility, resilience, and youth employment.
President Ould Tah reaffirmed that addressing these challenges is central to his vision for a New African Financial Architecture—one that enhances Africa’s voice in global finance and channels more concessional and blended financing to countries in or emerging from crisis.
