The African Development Bank (AfDB) has called on Development Finance Institutions (DFIs) and partners to enhance innovative collaborations to promote peace and security in Africa, where many nations are conflict-affected.
Vice-President Marie-Laure Akin-Olugbade emphasized the need for prioritizing peacebuilding through new financial mechanisms during a session at the UN Assembly.
Stakeholders highlighted the importance of inclusive strategies, alternative financing, and private sector involvement in peace initiatives.
The AfDB's new Ten-Year Strategy aims to address fragility and resilience in Africa, fostering partnerships and combining efforts with organizations like the UN to support peace and economic stability.
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