African Development Bank holds presidential election amid U.S. funding cuts and financial challenges.

The African Development Bank (AfDB) is holding its annual meeting in Abidjan, Ivory Coast, where five candidates are competing to become the new president. The election is crucial as the bank faces challenges like U.S. funding cuts of $555 million and global development finance issues. The next president will need to secure additional funding and continue the bank's mission of driving sustainable development across Africa.