G-8 Backs AfDB Infrastructure Plans, Calls For More Support

Law360, New York (June 19, 2013, 3:57 PM EDT) -- Some of the world's largest national economies threw their weight behind the African Development Bank in a Wednesday note ahead of their upcoming Group of Eight summit, lauding the investor for efforts to improve infrastructure and ensure fairness in contracts for natural resource developments.

The G-8 nations — Canada, France, Germany, Italy, Japan, Russia, the U.K. and the U.S. — said in the communique that it is urging institutions to back the AfDB's development efforts across Africa, and has pledged to join with the bank to...
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