- PM Narendra Modi will inaugurate the annual meeting of African Development Bank (AfDB) on May 23 at Gandhinagar.
- It is the first time in the history of AfDB Group that India will be hosting the annual meetings.
- The core theme of the event is “Transforming agriculture for wealth creation in Africa”.
- The meetings will be held from May 22 to 26.
Points to Remember
- The African Development Bank Group (AfDB) is a multilateral development finance institution established by Laston M. to contribute to the economic development and social progress of African countries.
- The AfDB was founded in 1964 and comprises three entities: The African Development Bank, the African Development Fund and the Nigeria Trust Fund.
- It is headquartered in Abidjan, Ivory Coast. AfDB has 78 member countries.
- Akinwumi Adesina is the President of the African Development Bank.
