AfDB to Elect New President to Combat Effects of Cuts in US Funding
17:46 26.05.2025 (Updated: 18:04 26.05.2025)
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AfDB to Elect New President to Combat Effects of Cuts in US Funding
The African Development Bank (AfDB) will meet in Côte d'Ivoire on Thursday to elect a new president, as it faces a $555 million cut in US funding.
With aid to Africa declining and US policies like tariffs worsening economic challenges, the incoming leader may need to look elsewhere for support—possibly turning to China, Saudi Arabia, the UAE, or increased backing from African nations in return for more influence, according to media reports.
Five candidates are in the running, from South Africa, Senegal, Zambia, Chad, and Mauritania.
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