The meetings run from today until Friday in the resort city
of Sharm El-Sheikh, an Egyptian city on the southern tip of the Sinai
Peninsula, in South Sinai Governorate, on the coastal strip along the Red Sea.
It was a hive of activity yesterday at the Sharm El-Sheikh
International Convention Center, the venue for the meetings, as final
preparations were being done.
Airports were also busy as delegates were arriving.
The 2023 annual meetings are running under the theme,
“Mobilising private sector financing for climate and green growth in Africa”.
President Mnangagwa is expected to join other leaders
tomorrow for a High-Level Presidential Dialogue, which will run under the
theme, “The changing global financial architecture and the role of multilateral
development banks”.
Zimbabwe is expected to take advantage of the AfDB annual
meetings to outline its strategy to resolve its debt and arrears to
international financiers and creditors.
The AfDB says this year’s meetings provide leaders an
opportunity to take stock of Africa’s response to the growing threat of climate
change and the impact of the situation in Ukraine on the continent’s food
security and untapped natural resources.
Further, the meetings provide a framework for Bank Group
Governors to share experiences while galvanising private financing domestically
and internationally, and harnessing natural capital to bridge the climate
financing gap and promote the transition to green growth in Africa.
Wealthy countries have been promising lots of money to poor
countries to tackle the challenges brought about by climate change, but they
have not been releasing the funds.
At the United Nations Climate Change Conference or COP27
held here last year, wealthy countries bowed to pressure for them to release
funds for losses and damages suffered by poor countries due to climate change. Herald
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