The African Development Bank’s top priority should be job creation and expanding economic opportunities, said Amadou Hott, a candidate for the institution’s presidency.
“It's time to provide people with the economic opportunities, with the jobs, so that their dignity is recognized,” he said at the Devex World event.
Achieving sustained economic growth will be challenging amid high debt levels and expensive borrowing costs, partly due to credit rating agencies that sometimes treat African countries unfairly, translating to higher interest rates compared to similar nations in other regions.