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Egypt to host AfDB’s annual meetings in 2023

The African Development Bank (AfDB) named Egypt as the host of the 58th round of its annual meetings in 2023.

The announcement was made during the closing ceremony of the 57th annual meetings in Ghanaian capital Accra.

Next year’s meetings are set to be held in the Red Sea city of Sharm El-Shiekh.

Egypt is the bank’s second largest shareholder and one of its members.

During the meetings, AfDB raised its projections for Egypt’s real GDP growth by one percent in 2022 despite the ongoing challenges.