President Faure Faure Gnassingbé is currently in Abidjan. The leader is attending a summit dedicated to the 20th edition of the International Development Association (IDA20). which is being held today.
In all, around 20 African leaders and executives from the World Bank should regroup at the event. They will talk about the increase of IDA financing for African economies; to enable the latter to recover after the Covid-19 pandemic.
“I am taking part today in Abidjan, in the summit on the replenishment of the resources of the International Development Association (IDA). During this meeting, we will work toward an international mobilization to increase the IDA20 resources,” President Gnassingbe tweeted. The leader believes that “cooperation between African states and their development partners, including IDA, remains more than vital for the recovery of post-pandemic economies.”
“The summit will be sanctioned by a declaration, the ‘Abidjan Declaration’, which will serve as a roadmap to mobilize $90 billion before the end of 2021 for key sectors such as human capital, job creation including the private sector and economic recovery,” the Togolese presidency said.
Togo, let’s recall, was backed by the IDA to support its private sector and poorest populations who have been most affected by the pandemic.