In an interview with a television channel, the president of the African Development Bank Group (AfDB) Akinwumi Adesina, warned of the serious economic consequences that these decisions could have on Africa, as the United States tightens its trade policies.

The President of the African Development Bank spoke during his interview on CNN about a direct threat to 47 African countries, whose export earnings and foreign exchange reserves could be heavily affected. He said that “when these currencies weaken, two things will happen: first, you will find that most of these countries are dependent on imports. So they will be facing high inflation.” “Second, you will find that the cost of servicing a large portion of their debt, which is debt in foreign currencies but denominated in local currency, will increase. ” he pointed out. According to him, this trade policy could cause imported inflation in countries dependent on imports, as well as an increase in debt service, which is often denominated in foreign currencies. To this end, he proposes to avoid a confrontation, but to adopt a strategic posture.

Rejecting any exclusive alignment, the President of the African Development Bank Group (AfDB) specified that “Africa builds bridges, not walls” and seeks partnerships that are transparent, balanced and focused on its own interests. The president calls for a reorientation of Africa's trade partnerships, the diversification of markets, and the acceleration of the African Continental Free Trade Area (AfCFTA). He also insists on the valorization of strategic natural resources such as cobalt and lithium in order to renegotiate equitable agreements with world powers