All News

2010: AfDB Maintained its Robust Commitment to Africa’s Economic Development

  • Posted on: 13 January 2011
  • Updated on: 9 May 2011
  • By: radmin
Donald Kaberuka

When President Donald Kaberuka welcomed the Board of Directors in January 2010, he sounded a strong note that “the year would be extremely challenging as the Bank needed to mobilize additional capital for both the African Development Bank (AfDB) and African Development Fund (ADF) at a moment of scarce resources”.

Banking: Basel III rules raise capital requirements again

  • Posted on: 14 September 2010
  • Updated on: 19 April 2011
  • By: radmin
Jean-Claude Trichet, President of the European Central Bank

An meeting over the weekend in Basel in Switzerland resulted in a new set of capital adequacy rules that will be imposed on banks all over the world. The agreement will more than double the amount of top-quality capital banks must hold in an effort to make the sector more resilient to volatile asset prices and credit risk.