As African countries look to India as an alternative to China for meeting their technical and financial needs, Prime Minister Narendra Modi has been requested to inaugurate the annual meeting of the African Development Bank (AfDB) on May 23 at Ahmedabad.
It is the first time in the history of the AfDB group that India would be hosting the annual meetings of the bank. Nearly 3,000 delegates from 81 countries from across the world will gather at the sprawling Mahatma Mandir convention center in the city.
During India-Africa Forum Summit 2015, the announcement of a $10 billion line of credit by the PM marked a new beginning in India's approach to engaging with African countries in a more constructive manner. India's support through lines of credit have not only helped finance the projects in African countries, but have also contributed to capacity building, IT education, and higher education.
India joined the African Development Fund (ADF) in 1982 and the African Development Bank (AfDB) in 1983, initiating a long history of cooperation spanning more than 30 years.
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As first, India's PM to inaugurate AfDB annual meet
By IndianMandarins - 2017-05-19 10:10:01
As African countries look to India as an alternative to China for meeting their technical and financial needs, Prime Minister Narendra Modi has been requested to inaugurate the annual meeting of the African Development Bank (AfDB) on May 23 at Ahmedabad.
It is the first time in the history of the AfDB group that India would be hosting the annual meetings of the bank. Nearly 3,000 delegates from 81 countries from across the world will gather at the sprawling Mahatma Mandir convention center in the city.
During India-Africa Forum Summit 2015, the announcement of a $10 billion line of credit by the PM marked a new beginning in India's approach to engaging with African countries in a more constructive manner. India's support through lines of credit have not only helped finance the projects in African countries, but have also contributed to capacity building, IT education, and higher education.
India joined the African Development Fund (ADF) in 1982 and the African Development Bank (AfDB) in 1983, initiating a long history of cooperation spanning more than 30 years.
