The African Development Bank (AFDB) has refuted claims that it contributes to the debt problems of countries In Africa.
The bank was reacting to a statement credited to David Malpass, the World Bank President, that Mutilateral Development banks have the tendency to lend too quickly thus worsening the debt problems of the affected countries.
In a statement signed by its Director of Communications and External Relations Development of AFDB, Victor Oladokun, the African countries have bigger debt exposures to the world bank.