Saturday, May 21, 2005

[Africa] Poverty eradication tops ADB agenda: president

ABUJA, May 20 (Xinhuanet) -- President of the African Development Bank (ADB) Omar Kabbaj said here Friday that he was leaving behind a bank focusing on the eradication of poverty in Africa.

"This will be my enduring legacy for 10 years at the helm of affairs in the bank," he told reporters at a news briefing in Nigeria's capital Abuja.

"I fell fulfilled and satisfied that the bank has set an agenda for Africa's development by putting poverty eradication as a major focal point in the development of the continent," he added.

Kabbaj said the ADB identified poverty reduction and eradication as a major development agenda in 1998 and 1999, two years before the world through the United Nations made the Millennium Development Goals (MDGs), a strategy for the development of member states.

The bank also advised member countries to design and tailor their poverty reduction needs and strategies to meet the MDGs to ensure better living condition for citizens.

"This is to ensure sustainable development on the continent," he said.

According to the outgoing ADB president, the bank has similarly achieved a triple "A" in the financial community during his tenure. 2005-05-21 03:12:42