Opening the event, President Guebuza said that development on the continent depended on strong sustainable public and private investments in critical areas such as agriculture and rural development, social and economic infrastructure as well as education, health and water supply. By integrating these areas in its programmes, Mr. Guebuza said, the AfDB had revealed itself as a major partner to the Mozambican government. He urged the Bank Group to continue working in these areas as they contribute to the creation of the necessary conditions for the promotion of his country’s well-being. 

Speaking on the occasion, Bank Group President, Donald Kaberuka, said this year has been a very good year for the Bank Group. “Despite the turbulence in the financial world, the finances of the institution remain very good. Our risk bearing capacity remains robust. We have retained the highest ratings and all the windows of the Bank have reported strong results. Net income is up 66%, and so are our operational commitments by 20%. We are beginning to see encouraging results in the quality of our portfolio such as the level of disbursements and a decline in aging or problem operations. We are making headway in becoming more focused and selective.”.