African Development Bank

African Development Bank (AfDB) chief Donald Kaberuka this week said he expects the continent’s economy to grow by between 4.5percent and 5.0percent this year and by some 6.0 percent in 2011. “The rebound is already here. In 2010 the ADB and the World Bank are expecting growth of between 4.5 and 5.0 percent and around 6.0 percent in 2011, thanks notably to exports picking up and to the price of agricultural products such as coffee and cocoa holding up,” Kaberuka told AFP on the sidelines of the African Union summit in Addis Ababa. “The problems aren’t behind us yet but we’re starting 2010 on a more optimistic note. Contrary to what we had feared the big donors have respected their commitments towards Africa,” he said.

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