Dr. Nedelcovych served as the U.S. Executive Director at the African Development Bank (AfDB) from 1989 to 1993.
On May 29, the first U.S. Executive Director at the bank Ambassador Harold Doley sent a letter to the Donald Trump administration to back Adesina. Both men have now said that backing Adesina is in the best interest of the United States.
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In an interview with Pan African Visions, Dr Nedelcovych argued that unless the U.S. government is holding some secret that the American public is not aware of, “I see absolutely no reason why it should not wholeheartedly support the re-election of President Akinwumi Adesina for a second term at the helm of the African Development Bank”
“If competing with the Chinese in Africa is primordial to the US, then supporting the position of our African fellow shareholders in the AFDB and supporting President Adesina is in our own interests,” he said.
According to him, Adesina has established the framework for furthering the critically important role that the AfDB is playing in the development and inclusive growth of the continent.
With his vision and execution of the “High 5s” for Africa, Dr Adesina has contributed tremendously to the development of the continent, and President Obasanjo and other former African Presidents have every reason to come out in public in support of the champion that the current AFDB President is, Dr Nedelcovych said.
On the whistleblower allegations that triggered the current tensions between AFDB partners, Dr Mima Nedelcovych said the internal inquiry did its job fully in line with statutory guidelines.
“ For me, those accusations that were made public and investigated by the Ethics Committee, have been responded to in great detail by President Adesina to my full satisfaction”.
His call to back Adesina echoed the same message that Ambassador Doley conveyed to the Trump administration on May 29.
In the letter sent to Steven Mnuchin, the United States Secretary of the Treasury, which was copied to Nialé Kaba, the Chair of the Board of Governors of the African Development Bank, Ambassador Harold Doley said supporting the AfDB is “good business for the United States”.
“Since taking office in 2015, the current and 8th President of the Bank, the U.S. trained and globally renowned Akinwumi Adesina, rapidly restructured the bank and refined its focus through a High 5 strategy that has directly impacted the lives of millions of Africans. This has been through strategic investments in energy and electricity, agriculture technologies that significantly improve food security, access to private sector finance, improved transport infrastructure, and water and sanitation,” he wrote in his letter.
“In 2019, with U.S. support, the African Development Bank’s shareholders approved a General Capital Increase of $115 billion, the largest in the Bank’s 56-year history.
“The increase more than doubled capital from $93 billion to $208 billion. Also, in 2019, the Bank’s concessional window, the African Development Fund (ADF), received a 35% replenishment with donor contributions. U.S. shares of $499,695,200 represent 7.81% of total subscriptions are a critically needed resource for Low Income Countries (LICs) and transition States,” he added.