The first United States Executive Director of African Development Bank (AfDB), Ambassador Harold H. Doley, JR, has described President of the bank, Akinwumi Adesina as a global player of impeccable character that deserves the support of United States of America.

In an OP-ed letter to US Secretary of the Treasury, Steven Mnuchin dated May 29, Doley said, “t is an acknowledged fact that Akinwumi Adesina is a global player of impeccable character who has helped mobilize billions of dollars into Africa and helped accelerate the continent’s development.


“It is why the executive committee of the Africa Union, speaking for 55 African countries, unanimously endorsed him as the sole candidate for re-election to a second term.

“This is vital for Africa’s continued economic growth, infrastructure and investment.

“It is traditional at multilateral development institutions that sole candidates be reelected by acclamation.

“Therefore, Mr Secretary, the people of America implore you to use your good offices to continue to support Africa, the African Development Bank and President Adesina in his bid for re-election; and that you walk in lockstep with African Governors and Finance Ministers.”


He recalled becoming a full shareholder in the AfDB in 1983 the US has played a leadership role as the Bank’s largest non-regional (non-African) shareholder, and the second-largest overall.

“Since taking office in 2015, the current and 8th President of the Bank, the US trained and globally renowned Akinwumi Adesina, rapidly restructured the bank and refined its focus through a High 5 strategy that has directly impacted the lives of millions of Africans.

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“This has been through strategic investments in energy and electricity, agriculture technologies that significantly improve food security, access to private sector finance, improved transport infrastructure, and water and sanitation.

“In 2019, with US support, the African Development Bank’s shareholders approved a General Capital Increase of $115 billion, the largest in the Bank’s 56-year history.

“The increase more than doubled capital from $93 billion to $208 billion. Also, in 2019, the Bank’s concessional window, the African Development Fund (ADF), received a 35% replenishment with donor contributions.


“US shares of $499,695,200 represent 7.81% of total subscriptions are a critically needed resource for Low-Income Countries (LICs) and transition States.

“Ultimately, supporting Africa’s private sector is critical for social and economic development.”

In 2018, Adesina led an unprecedented effort to attract global investments into Africa through the inaugural Africa Investment Forum, which mobilized $78.8 billion in investment interests between 2018 and 2019.

Doley explained that although there have been concerns in some circles about China’s role in Africa, American enterprise thrives on competition and is poised to play a more influential economic role in the years ahead.


“Recognizing America’s pivotal role at the AfDB and other multilateral development banks is crucial for the global economy.”

He noted that in conformity with the governance rules and procedures of the Board’s Ethics Committee, the Bank cleared Adesina of wrongdoing stemming from several allegations levelled against, which was a boost for the bank and the continent.

He, therefore, urged the United States to support the unanimous decision of all 55 African Heads of States and government to support Adesina for a second term.


“It is traditional at multilateral development institutions that sole candidates be reelected by acclamation.

“Therefore, Mr Secretary, the people of America implore you to use your good offices to continue to support Africa, the African Development Bank and President Adesina in his bid for re-election; and that you walk in lockstep with African Governors and Finance Ministers.”


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Adesina is loved by many people.

Clearly, the solidarity and support demonstrated by past African Presidents is yielding positive outcome. That of course, has shown that when we stick together, we can achieve more and thus, become unshakeable!! God bless Africa!!

A product of GEJ'scabinet.

Just imagine if he had continued second tenure. Nigeria would have had enough affordable food to feed the whole of west Africa......our loss

This is clearly an attempt by Munchin to overthrow and install a stooge.

So why dem wan bad belle this guy?

America should consciously support Africa before China takes over like ruthless loan sharks

Mnunchin was munched. America does not like the boldness with which adesina works.

Yankee101:
America should consciously support Africa before China takes over with like ruthless loan sharks

what have we benefitted from America if not slave trade?

What is that Treasury sec. name, Steve something....

Get me hin name and hin papa name, I dey go Ijebu next week. I go stop see baba. Na so Trump go fire this treasury sec before my bus go depart from Ijebu Ode sef. Aah ahh....which kin nonsense!

Trump administration comprises largely unintelligent folks. They act, talk, and tweet before thinking. They are naturally set of cursed people with bad luck

The first United States Executive Director of African Development Bank (AfDB), Ambassador Harold H. Doley, JR, has described President of the bank, Akinwumi Adesina as a global player of impeccable character that deserves the support of United States of America

Thanks to Ambassador Harold H. Doley for his support. I think the overwhelming solidarity and support the Adesina has so far received across the continent is finally sinking home. The US is finally getting the message that they won’t be allowed to hijack the control of the bank.

With this OP-ed, the US secretary of treasury and the other Mr Steve Dowd would have a rethink and change their strategy as regards US relationship with the bank. Better to reconcile with Adesina and support his re-election or get damned by the continent.

seunmsg:


Thanks to Ambassador Harold H. Doley for his support. I think the overwhelming solidarity and support the Adesina has so far received across the continent is finally sinking home. The US is finally getting the message that they won’t be allowed to hijack the control of the bank.

With this OP-ed, the US secretary of treasury and the other Mr Steve Dowd would have a rethink and change their strategy as regards US relationship with the bank. Better to reconcile with Adesina and support his re-election or get damned by the continent.

Everyone knows Trump lacks basic thinking ability. He surrounds himself with people of his nature. They all think and act downwardly.

Kindly note that it's much more easier to know and separate extremely low IQ humans with 100 percent accuracy. It's simple. Trump, his cabinet and his supporters globally have the lowest of thinking ability of all humans today.