"We have a program to provide technologies for rice, corn and soybeans, particularly for Angolan agriculture," he stressed.
Regarding the energy sector, Adesina stressed that the AfDB wants to support the Angolan private sector, because the country does not have any independent energy producers, also expressing support from this African financial institution in the energy tariff structure, encouraging private investment.
On the occasion, the AfDB president also said that after the Covid-19 pandemic, Africa received only three billion dollars, of the 650 billion dollars in Special Drawing Rights (SDRs) from the IMF.
Akinwumi Adesina said that almost all of the 650 billion dollars have yet to be allocated.
According to the AfDB president, this difference shows an inequality between rich countries and those with lower incomes, highlighting that African countries are advocating a reallocation of around 100 billion dollars, but there are several challenges, one of which is ensuring that the rights continue to be a reserve asset.
The official stressed that the AfDB is working with the Inter-American Development Bank (IDB), with the leadership of the IMF, to channel these rights that can be used as hybrid capital to multilateral banks, without running the risk of losing money.
"The IMF has agreed that they will make 15 billion dollars of SRD, which the countries will channel to the countries they want to help. We are currently working with the IDB, with what we call liquidity support", he said, adding that a group of five countries has come together to have a liquidity support agreement.
"We are talking about Saudi Arabia, China, the United Arab Emirates, Japan, France and we still have a lot to do", he added.
