Memorandum of Understanding (MOU) signed between the Government of India and the African Development Bank(AfDB) for hosting the Bank’s Annual Meetings at Ahmedabad

India will be hosting the next Annual Meetings of the African Development Bank (AfDB) Group at Mahatma Gandhi Convention Centre, Ahmedabad from May 22 to May 26, 2017.  This will be a mega international event to be attended by more than 5000 delegates from 80 member countries of the African Development Bank including the Governors, Alternate Governors, Executive Directors, policy makers and businesses.

A high level preparatory mission of AfDB, led by Ms NNENNA NWABUFO, Chairperson, Permanent Committee for Annual Meetings arrived in India on 6th September to visit and assess infrastructure and other facilities available at Ahmedabad and New Delhi. The Secretary General of AfDB, Mr Vincent O. Nmehielle accompanied the delegation. The delegation met senior officers at Ahmedabad and at Dept of Economic Affairs, Ministry of Finance, New Delhi. A MoU was signed between GoI and AfDB yesterday regarding the holding of the Annual Meetings.  The MoU outlines the roles of Govt of India and AfDB. The signatories to the MoU were Ms. Bandana Preyashi, Deputy Secretary (ADB-II/AfDB), Department of Economic Affairs(DEA), Ministry of Finance on behalf of the Government of of India and Mr Vincent O. Nmehielle, Secretary General of AfDB on behalf of the African Development Bank Group (AfDB).

The African Development Bank (AfDB) was established in 1963 with a view to promote the Economic Development and social progress of its regional members. India became member of the African Development Bank (AfDB) in 1983.  The Union Finance Minister and Secretary, Department of Economic Affairs (DEA), Ministry of Finance are the Governor and Alternate Governor of the Bank respectively.