– Participates in High-Level Panel on International Migration in Africa
In recognition of the President of the African Development Bank (AfDB), Akinwumi Adesina’s efforts to improve the lives of the people of Africa through the bank’s High 5s development priorities, President Ellen Johnson Sirleaf has conferred Liberia’s highest national award on him.
The bank’s ‘High 5s’ are ‘Light up and power Africa; Feed Africa; Industrialize Africa; Integrate Africa; and Improve the quality of life for the people of Africa.’
The bank is credited with transforming the lives of Liberians through financing road and infrastructure projects, providing electricity, and the improvement of water and sanitation services.
A statement from the AfDB said the Bank’s Country Strategy Paper (CSP) for Liberia focuses on roads and energy infrastructure, as well as governance and the business environment, which are necessary to diversify the economy, improve agricultural production, and increase public service delivery.
According to the release, the bank will present two key infrastructure programs to the Board in 2018: the Mano River Union Road Transport Program Phase 2 and the Liberia Scaling up Renewable Energy Project, with a total indicative funding of US$86.9 million. A budget support operation will also be considered by the Board in January 2018.
In another development, the AfDB president participated in the High-Level Panel on International Migration in Africa (HLPM) along with the Executive Secretary of the United Nations Economic Commission for Africa, Vera Songwe.
The High-Level Panel was established at the Ninth Joint Annual Meetings of the African Union Specialized Technical Committee on Finance, Monetary Affairs, Economic Planning and Integration and the UN Economic Commission for Africa (ECA) Conference of African Ministers of Finance, Planning and Economic Development in Addis Ababa in April 2016.
Chaired by President Sirleaf, the High-Level Panel provided guidance and support to policy dialogues on an African perspective on international migration and created an environment conducive to encourage the mobilization and effective utilization of political, financial and intellectual resources of migrants for the development of Africa.
Data from the Economic Commission for Africa (ECA) indicates that contrary to recent media stories more than 80% of African migration occurs within Africa, and only a very small fraction of Africans travel further afield.