10-14-13 DBA BUTTY - ADB - AFRICA INFRASTRUCTURE DEV

POOR AND UNIMPROVED INFRASTRUCTURE REMAINS A MAJOR OBSTACLE TOWARDS AFRICA ACHIEVING ITS FULL ECONOMIC GROWTH POTENTIAL, ACCORDING TO A RECENT UNITED NATIONS REPORT. IN 2012, AFRICAN LEADERS CALLED FOR INNOVATIVE SOLUTIONS TO FACILITATE AND ACCELERATE INFRASTURCE DELIVER IN AFRICA. IN RESPONSE, THE AFRICAN DEVELOPMENT BANK PROPOSED THE ESTABLISHMENT OF A NEW DELIVERY VEHICLE CALLED AFRICA50. TAS ANVARIPOUR IS HEAD OF INFRASTRUCTURE FINANCE FOR PRIVATE SECTOR OPERATIONS AT THE AFRICAN DEVELOPMENT BANK. SHE TELLS ME THE PURPOSE OF AFRICA50 IS TO MOBILIZE PRIVATE FINANCING TO ACCELERATE INFRASTRUCTURE DELIVERY IN AFRICA.