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Vol 48 No 11

Published 25th May 2007

Kaberuka seizes the moment

As economies grow and rival institutions falter, Africa's bank has a rare chance to establish a critical role on the continent

The fireworks and acrobatic displays are over but the Shanghai effect lingers at the African Development Bank, which held its annual meeting there on 16-17 May. One of the ADB's most popular meetings ever, it pulled in some 2,500 delegates. Yet Bank President Donald Kaberuka has some very specific measures of success: he has to secure a substantial replenishment of the soft-loan African Development Fund (ADF) this year, cut back the Bank's stultifying bureaucracy and raise its profile, especially among African entrepreneurs who have been slow to tap its private sector fund.

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