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African Development Bank counters ‘misleading’ World Bank comments

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The head of the World Bank says the AfDB lends too much and too quickly to emerging markets, which the AfDB says is not ‘fact-based’

World Bank group president David Malpass. Picture: AFP/BRENDAN SMIALOWSKI

Malpass said at a World Bank-International Monetary Fund debt forum on Monday that the AfDB is “pushing large amounts of money into Nigeria, SA, and others without the strongest programme to sustain it and push it forward”. The AfDB said Malpass’s statement is “inaccurate and not fact-based. It impugns the integrity of the AfDB, undermines our governance systems, and incorrectly insinuates that we operate under different standards from the World Bank”.

 

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