SA not nominating for AfDB
Fin24

SA not nominating for AfDB

2014-06-04 13:23

Johannesburg - South Africa has taken a decision not to nominate a candidate for president of the African Development Bank (AfDB), the finance ministry said on Wednesday.

"In May 2015, members of the AfDB will elect a new president. This is a critical time to select an individual who can build on the gains made through Africa’s rise over the past decade," it said in a statement.

"South Africa has taken a decision not to nominate a candidate for this position."

The ministry said the process of selecting a candidate within the Southern African Development Community (SADC) was currently underway, and South Africa would act in accordance with the collective decision of the region.