Africa: African Development Bank Group President Ould Tah Tackles Financial Reform in Push for Development
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Dr Sidi Ould Tah, President of the African Development Bank Group, held meetings with key financial sector leaders in Abidjan on October 20 and 21 to discuss financial reforms aimed at boosting Africa's development. On Monday, he met with Côte d'Ivoire’s National Social Security Fund Director General, Denis Charles Kouassi, focusing on mobilizing social security funds for productive investments. Tuesday saw a gathering of leaders from African sovereign investment institutions to explore the establishment of an African Sovereign Borrowing Platform and improve financial architecture. The discussions were part of Dr Ould Tah's strategy based on the "Four Cardinal Points" framework, which seeks to enhance Africa’s financial autonomy by mobilizing domestic capital for socioeconomic growth. Participants also emphasized improving data quality and risk-pooling instruments to reduce borrowing costs and increase market access for African countries.
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