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The 2023 Annual Meetings of the African Development Bank had a central focus on "Mobilizing Private Sector Finance for Climate and Green Growth in Africa." This significant event aimed to bring together African leaders, development partners, and researchers, with the participation of finance ministers and central bank governors from 81 countries, along with approximately 4,000 senior participants and development partners. The objective was to find practical solutions for raising climate finance.

The distinguished gathering was inaugurated by Egyptian President Abdel Fattah El-Sisi, who emphasized the pressing need for creative solutions to address the complex challenges facing countries, particularly in Africa. El-Sisi highlighted the substantial financial requirements, citing the need for $200 billion annually to achieve the Nationally Determined Contributions, over $50 billion per year for COVID-19 recovery efforts, and more than $100 billion per year for green infrastructure initiatives