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African Development Bank Group president Akinwumi Adesina called for new ways of preparing and de-risking projects to mobilise private sector investment for sustainable development.
“We need new ways of aggregation to prepare the projects, to de-risk the projects and lower the transaction cost for those deploying capital,” he said.
Adesina joined other global development financiers at the 2023 OPEC Fund for International Development Forum in Vienna, #Austria. Heads of development banks present pledged a strong commitment to remodel investments to support green projects at scale.
The African Development Bank chief cited the Africa Investment Forum as a leading platform aggregating bankable projects to reduce fragmentation and make it easier to attract institutional investments.
“It [the Africa Investment Forum] has become today the premier investment platform to do anything on investment in Africa, and in the last four years, we have been able to leverage about $142 billion of investment interest into #energy, water and sanitation, #infrastructure and transport corridors,” Adesina
