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Youth

Outgoing AfDB President Dr. Akinwumi Adesina Embarks on Historic Visit to Liberia

Strategic Insights

— 1 min read

As the outgoing President of the African Development Bank (AfDB), Dr. Akinwumi A. Adesina, embarks on a three-day visit to Liberia from July 21 to 23, the country is set to formally launch a transformative youth development initiative and confer national recognition for his leadership in Africa's development landscape. Dr. Adesina's visit to Liberia carries added significance as it highlights his legacy and long-standing commitment to the country and the broader African continent. The visit underscores the strategic partnership between Liberia and the AfDB, reaffirming shared goals of sustainable development and economic transformation, particularly through youth innovation and empowerment.

Key Takeaways:

  • Dr. Adesina's visit to Liberia will formally launch the Youth Entrepreneurship Investment Bank (YEIB) and the accompanying Innovation Bureau, aimed at empowering young Liberians through access to sustainable financing, entrepreneurial training, and innovation resources.
  • The Government of Liberia will confer national honors on Dr. Adesina in recognition of his decade of impactful leadership at the AfDB and his strong support for Liberia's development agenda.
  • During his visit, Dr. Adesina will hold meetings with President Joseph Nyuma Boakai, Sr, and senior cabinet officials to discuss Liberia's development priorities, ongoing AfDB-supported initiatives, and the country's economic future.
  • The visit highlights the strategic partnership between Liberia and the AfDB, reaffirming shared goals of sustainable development and economic transformation.
  • Dr. Adesina will depart Liberia on the morning of Wednesday, July 23, capping off a visit that reflects national appreciation for his vision, dedication, and transformative impact on development across the African continent.

Statistics:

  • Dr. Adesina has served as the AfDB's president since May 28, 2015.
  • The Kingdom of Cote d'Ivoire hosted the 2015 AfDB annual meeting in Abidjan, where Dr. Adesina was elected as the bank's president.
  • The AfDB has supported several initiatives in Liberia, including the implementation of a $700 million renewable energy project and the development of a $180 million agriculture project.
  • The Youth Entrepreneurship Investment Bank (YEIB) aims to expand access to sustainable financing for young Liberians, with a projected investment of $500 million over the next 10 years.

Sources:

  • *Liberia: AfDB President Set to Launch Youth Development Initiative, Confer National Recognition* (Source: [ACCORDING TO THE SOURCE TEXT])
  • *Africa's ADB President to Launch Youths' Entrepreneurship Investment Bank, Innovation Bureau in Liberia* (Source: [NO DATE PROVIDED IN THE SOURCE TEXT])

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