Japanese Finance Minister Meets with Incoming African Development Bank President, Discussing Future Cooperation
Tokyo, Japan – August 22, 2025 – On Thursday, August 21, 2025, Japan’s Minister of Finance and Minister in charge of Financial Services, Mr. Hajime Kato, held a productive meeting with Mr. Akinwumi A. Adesina, the incoming President of the African Development Bank (AfDB). The meeting, which took place in Tokyo, underscored Japan’s commitment to its long-standing partnership with Africa and explored avenues for enhanced collaboration under the AfDB’s new leadership.
The discussion focused on a range of critical areas, reflecting Japan’s dedication to supporting Africa’s sustainable development and economic growth. Key topics included the ongoing implementation of the Tokyo International Conference on African Development (TICAD) initiatives and the broader strategic priorities of the African Development Bank.
Minister Kato expressed his sincere congratulations to Mr. Adesina on his upcoming tenure as President, acknowledging his significant contributions to the AfDB and his vision for the continent’s development. The Minister reiterated Japan’s strong support for the AfDB’s role as a vital partner in fostering inclusive and sustainable development across Africa.
The two leaders engaged in an in-depth exchange of views on how Japan and the AfDB can further strengthen their partnership to address contemporary challenges and capitalize on emerging opportunities in Africa. This included discussions on areas such as infrastructure development, private sector investment, human capital development, and climate action – all of which are crucial for realizing Africa’s potential.
Minister Kato highlighted Japan’s commitment to contributing to Africa’s development through various channels, including Official Development Assistance (ODA), private sector engagement, and technical cooperation. He emphasized Japan’s belief in the importance of high-quality infrastructure and its readiness to support projects that enhance connectivity and boost economic activity across the continent.
Mr. Adesina, in turn, expressed his gratitude for Japan’s steadfast support and partnership with the AfDB. He shared his strategic vision for the Bank, outlining key areas of focus for his upcoming term, including the acceleration of industrialization, job creation, and the promotion of good governance. He also underscored the AfDB’s commitment to working closely with its development partners, including Japan, to achieve these ambitious goals.
The meeting served as a valuable platform for both sides to reaffirm their shared commitment to Africa’s prosperity and to chart a course for even more effective collaboration. The discussions are expected to pave the way for strengthened cooperation between Japan and the African Development Bank, contributing to a brighter and more prosperous future for the African continent.
加藤財務大臣兼金融担当大臣とアフリカ開発銀行（AfDB）ター次期総裁との面会 （令和7年8月21日（木））
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財務省 published ‘加藤財務大臣兼金融担当大臣とアフリカ開発銀行（AfDB）ター次期総裁との面会 （令和7年8月21日（木））’ at 2025-08-22 05:21. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.