Tuesday, July 17, 2012

Australia seeking to join African Development Bank

The government of Australia said Tuesday it will pursue membership of the African Development Bank as it seeks to bolster ties with the rapidly emerging continent.

Australia is the only developed nation among the Group of 20 not already a member of the bank, which comprises 53 African and 24 non-African countries.

"It is in Australia's national interest to support an organization whose mandate is to spur sustainable economic growth and poverty alleviation in Africa, which would in

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