World Bank Criticizes Responding African Development Bank

The President of the World Bank has criticized several development institutions, including the African Development Bank, for exacerbating the country’s debt problem. Words that earned him a dry response from the AfDB.

David Malpass, the new President of the World Bank, a friend of Donal Trump, has publicly launched an attack in good standing against his partners. “data-reactid =” 19 “> It is unprecedented in the universe of ordinary policed ​​international financial institutions. David Malpass, the new President of the World Bank, a friend of Donal Trump, has publicly launched a formal attack on his partners.

lend too quickly and make the debt problem worse& nbsp; “.” data-reactid = “20”> On February 10, at a conference in Washington, he criticized the Asian Development Bank, the African Development Bank and the European Bank for Reconstruction and development of ” lend too quickly and make the debt problem worse “.

African development bank did not wait. In a press release she denounces remarks “& nbsp; inaccurate and unfounded … questioning integrity & nbsp;Of the institution. Supporting figures, the AfDB shows that it lends these two countries much less money than the World Bank. “Data-reactid =” 22 “> The replica of the African development bank did not wait. In a press release she denounces remarks “ inaccurate and unfounded … calling into question integrity Of the institution. With supporting figures, the AfDB shows that it lends these two countries far less money than the World Bank.

She also refutes accusations of lack of transparency, stressing that she applies international standards adopted by the World Bank. The AfDB finally recalls that it is aware of the trend of increasing debt but specifies that there is no systemic risk of over-indebtedness. African countries, says the AfDB, need to finance their development.