It also critically examines inequalities between the global North and the global South, the growing influence of China's trade relations with Africa and, more importantly, it unpacks the deeply absorbed capitalist globalised hierarchies and the deep structures of racial thinking in the emerging global architecture, and examines the role of the African Union and other regional influential in rescuing the bank from the clutches of western buccaneers.

America's Treasury Secretary, Steven Terner Mnuchin, on May 22, 2020 called for an independent investigation into the affairs of the African Development Bank in the twilight of the re-election of the incumbent president on the heels of the whistleblowing accounts of perceived issues of executive impropriety in the recruitment and consultancy contracts.

Furthermore, another subtle and deadly foreign policy mechanism America uses to achieve its stranglehold on other nations, particularly Africa, is the mobilisation of international shame and brainwashing by which she lobbies other states into believing that the actions of a state or a region (Africa, in this instance) is inimical to America's interest.

Once there is an open knowledge that an institution like the Africa Development Bank is acting against international norms (America's interest, in this instance), other states, particularly the 27 non-regional members, may apply diplomatic pressure to forestall the re-election of Akinwumi Adesina as the President of the Bank.

The suspicion of the United States Treasury Secretary, Mnuchin, and his principal, Donald Trump, in a letter to Niale Kaba, Chairperson of the bank, encrusted fine points which disagreed with the conclusions - in line with corporate governance systems and rules of engagement - of the ethics committee of directors and the Chair of Bureau of Governors' findings on the allegations leveled against the bank's president is to avoid her veiled agenda, which is to rubbish the sterling performance of the bank as a regional player in African intra-trade resurgence and to thwart the promise the bank holds to leapfrog development and reduce poverty on the continent.

BlackFacts Details

Black Fact of the Day

United States Facts

Business Facts

Sports Facts

Martin Luther King Jr. Facts

Democratic Party Facts