The African Development Bank is the most important African development institution in a region with about 70% of the world’s extremely poor people. The World Bank is far larger, but the African Development Bank , with its headquarters in Abidjan, the commercial capital of Ivory Coast, focuses exclusively on the continent. It has a strong record of spending on things that African governments prioritise. It has assets of about $60bn and before covid-19 committed about $10bn a year in lending, much of it in line with the ambitious goals set by Akinwumi Adesina, its president since 2015. Is weak governance harming the African Development Bank?
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