AfDB Presidency Race: Dr. Sidi Ould Tah eyes Gulf partnerships to bridge infrastructure financing gap

Africa faces a growing development financing gap. Dr. Sidi Ould Tah is a candidate for the presidency of the African Development Bank (AfDB). He calls for new funding approaches to support Africa's future.

Dr. Tah is currently the Director General of the Arab Bank for Economic Development in Africa (BADEA). He advocates for stronger partnerships with Gulf nations. He also emphasizes mobilizing domestic resources.

He believes innovative funding models are essential. Africa needs over $100 billion annually to address its infrastructure deficit. Currently, the AfDB disburses only $8 billion to $10 billion each year. Dr. Tah argues this amount must increase significantly.

“The Gulf region has excess liquidity,” he said in an interview. “They have development finance institutions offering low-cost capital.” He noted that interest from GCC sovereign wealth funds is growing but remains untapped.

Dr. Tah stresses improving Africa’s financial potential as well. This includes better tax collection and enhancing public-private partnerships. Creating more bankable projects can attract long-term investors.

“Domestic resource mobilization is crucial,” he stated. It will help build a resilient and independent future for Africa. However, structural inefficiencies must be addressed first.

His platform aligns with broader discussions on multilateral institutions adapting to global changes. These include climate change and youth unemployment challenges in Africa.

As the AfDB election approaches, his focus may resonate with member countries seeking pragmatic leadership. His priorities include expanding access to finance, strengthening food security, and supporting climate resilience.

The new AfDB president will guide the bank through post-pandemic recovery and promote economic self-reliance across African states.