The 2020 Annual Meetings of the Boards of Governors of the African Development Bank Group (African Development Bank and African Development Fund) will be held in Abidjan, in the Republic of Côte d’Ivoire, from 25 to 27 August 2020 in the Conference Centre of the Sofitel Hôtel Ivoire.
Some 3,000 participants are expected to attend: finance ministers, central bank governors, policymakers, civil society organizations, leaders of international organizations and key representatives of industry and the private sector from the Bank Group’s 80 Member States.
The theme of this year’s African Development Bank Annual Meetings is “Creating decent jobs for young people”, one of the Bank’s five priority areas, also known as the ‘High 5s’ (Light up and power Africa, Feed Africa, Industrialize Africa, Integrate Africa and Improve the quality of life for the people of Africa).
The Bank strongly believes that building links between the countries of Africa is key to the economic transformation of the continent. The primary funder of the continent’s infrastructure development, the Bank focuses on regional connectivity, not only by investing in infrastructure such as roads, power-transmission lines, pipelines and communications networks, but also by developing and applying consistent policies to open frontiers.
Creating decent jobs for Africa’s young people and creating opportunities for the next generation lies at the heart of the African Development Bank’s actions to promote job creation, entrepreneurship and skill-building.
Decent work for young people plays a prominent role in the sustainability of African economies. To achieve this, the Bank has developed its “Jobs for Youth in Africa 2016-2025” strategy, which aims to create 25 million jobs for young Africans over the next decade. The strategy will also provide 50 million young people with a range of skills to increase their employability and their success as entrepreneurs.
What is the Jobs for Youth in Africa strategy?
The African Development Bank Group launched its Jobs for Youth in Africa 2016-2025 (JfYA) strategy at its 2016 Annual Meetings in May 2016 in Lusaka, Zambia. The aim of the strategy is to support African countries to strengthen their responses to the youth unemployment and underemployment crisis on the continent.
Conscious of the role of education in supporting science, technology and innovation, the African Development Bank has made considerable investments in this sector in Africa and especially in Côte d’Ivoire. For the Bank, education is the key to a bright future for all the people of Africa. A huge investment in the education sector can truly unleash every part of the continent’s potential.