The Oct. 31 assaults took place during an AfDB visit by the country manager to Ethiopia’s finance ministry. Another text suggested the bank would be “endorsing state-sponsored thuggery” if the AfDB did not take strong action. Know MoreThe AfDB is Africa’s leading development finance institution, and its staffers are typically accorded with diplomatic immunity like other DFIs. Samuel’s viewThe incident is a major embarrassment to Ethiopia’s reputation as Africa’s diplomatic capital and headquarters of the African Union. “I think the bank is being cautious to not be overly dramatic.”NotableThe African Development Bank (AfDB) is expected to launch its first hybrid capital note, valued between $500 million and $1 billion, before the end of the month if market conditions are right.

Source: Ethiopian News November 21, 2023 16:59 UTC