ADB President Adesina on Agriculture, Public Debt

The transcript discusses Africa's potential to be self-sufficient in food production, emphasizing the continent's vast uncultivated arable land. It highlights the importance of global collaboration, such as working with the World Bank and G20, to provide debt relief and financial support to African countries. The African Development Bank's initiatives in public financial management and infrastructure financing are also covered, stressing the need for better debt management and the use of domestic currencies to mitigate currency mismatch risks.

What is one of Africa's key contributions to the world according to the speaker?

• Global food security

• Technological advancements

• Financial services

• Tourism

What initiative is mentioned as providing a moratorium on debt servicing for African countries?

• African Financial Aid Program

• Global Debt Relief Plan

• Debt Service Suspension Initiative

• International Monetary Fund Initiative

What is the purpose of the Public Financial Management Academy set up by the African Development Bank?

• To train African countries in agricultural techniques

• To develop new infrastructure projects

• To assist in managing public finances and debt

• To promote tourism in Africa

Why is there a currency mismatch issue in African infrastructure financing?

• Both loans and revenues are in local currency

• Both loans and revenues are in foreign currency

• Loans are in foreign currency, but revenues are in local currency

• Revenues are in foreign currency, but loans are in local currency

What does the African Development Bank suggest to mitigate currency mismatch risks?

• Using more foreign currency loans

• Increasing international aid

• Utilizing domestic currency financing

• Reducing infrastructure projects