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President Dr Sidi Ould Tah and Luxembourg’s Finance Minister, Gilles Roth, have pledged to deepen cooperation as preparations advance for the seventeenth replenishment of the African Development Fund (ADF-17), the Bank Group’s concessional financing window.
The two leaders met on the sidelines of the 2025 World Bank and International Monetary Fund Annual Meetings in Washington, D.C.
It was their first official bilateral meeting since Dr Ould Tah took office in September.
Discussions reaffirmed the long-standing partnership between the two institutions and their shared commitment to multilateral cooperation and Africa’s economic transformation.
The talks highlighted Luxembourg’s continued support for sustainable and inclusive growth across Africa’s most vulnerable economies.
Luxembourg remains one of the world’s leading contributors of official development assistance, consistently allocating 1% of its gross national income to development cooperation – well above the 0.7% target recommended by the United Nations and the OECD Development Assistance Committee.
Under ADF-16, Luxembourg’s contribution amounted to €12.7 million, a 10% increase over the previous cycle, reflecting the country’s confidence in the Fund’s impact, particularly in climate action, governance, gender equality, and private sector development.
“Africa’s development needs remain considerable, particularly in areas such as education, energy, technology, infrastructure and the fight against climate change,” said Minister Roth.
“Luxembourg’s financial centre, with its expertise in sustainable finance and impact investing, is well placed to channel private capital toward these priorities. We will continue working alongside the African Development Bank to strengthen Africa’s investment environment and build a more equitable, resilient, and sustainable future.”
Dr Ould Tah welcomed Luxembourg’s continued support, describing it as “a steadfast partner” of the African Development Bank Group. “Luxembourg has been a steadfast partner to the African Development Bank Group.
Its leadership in sustainable finance and its commitment to effective multilateralism continue to make a real difference across the continent,” the Bank Group president stressed.
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