AfDB and Interpol Partner to Tackle Financial Crime in Africa

The African Development Barnk Group (AfDB) and Interpol, have forged a landmark partnership that aims to curb crime in Africa, making AfDB the first multilateral development bank to establish such a historic collaboration with the international police organization.

Via a formalized Letter of Intent signed by AfDB President Dr. Akinwumi Adesina and Interpol Secretary-General Valdecy
Urquiza in Abidjan, the two parties focus on creating a strong cooperation between the bank’s Office of Integrity and Anti-Corruption and Interpol’s Financial Crime and Anti-Corruption Centre in an initiative that will enhance policing activities in Africa.

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The partnership aims to combat emerging financial crime threats, including cybercrime, corruption, and terrorism financing, with a particular focus on Africa’s growing digital economy challenges. According to Interpol’s 2024 Global Financial Fraud Assessment, various online frauds pose increasing threats to Africa’s digital economy.

The collaboration emphasizes the AfDB’s commitment to uphold uttermost transparency and uprooting corruption in Africa, building upon its recognition as the world’s most transparent financial institution for two consecutive editions by Publish What You Fund’s assessment of sovereign portfolios.