In recognition of its immense investment and financial support towards accelerating Africa development, the African Development Bank (AfDB), has been named 2021 World Best Multilateral Financial Institution by Global Finance.
Global Finance is a reputable US Magazine that focuses on financial markets and investment banking.
The award is a global recognition for the path-breaking efforts of the African Development Bank as it transforms itself into a solutions bank for Africa, through a combination of its operations, knowledge services, and investment positioning, which continue to help fast-track Africa’s development.
Akinwumi Adesina, President AfDB while expressing his delight over the recognition by the US magazine, said that the award was “duly earned”; as he credited the Bank’s continued success to a new culture of results, strong client orientation, leadership, creativity, and continued innovation by a team of excellent staff across all its jurisdictions.
Adesina also reiterated AfDB’s commitment towards constantly innovating, developing, and deploying financial, investment, and knowledge products to meet the rapidly changing needs of African countries and the private sector.
According to the AfDB boss: “I am delighted at Global Finance’s recognition of the African Development Bank as the best multilateral financial institution in the world in 2021. I am proud that for the first time since its establishment in 1964, the African Development Bank has risen to a position as a foremost globally-respected financial institution.
The extraordinary support of our shareholders and the strong corporate governance of the Bank’s board of directors have served us well. We will continue to leverage our resources to better serve our clients. We are constantly innovating, developing and deploying financial, investment, and knowledge products to meet the rapidly changing needs of African countries and the private sector, ” – he stated
The award undoubtedly represents the clear support to the operational strategy that the African Development Bank has been pursuing under the able leadership of its President, Dr. Akinwumi A. Adesina, unanimously re-elected for a second consecutive five-year term as head of the institution last year.