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Mobilizing Domestic Resources as a Way out of the Crisis
28-Oct-2010 - Domestic resource mobilization is key to sustained economic growth, development and transformation in all economies and this is even more so in Sub-Saharan Africa (SSA), say Eric Kehinde Ogunleye and Desire Adebimpe Fashina in a paper they presented at the ongoingL`Afrique après la crise : préparer le long terme
28-Oct-2010 - Si l`économie africaine dans son ensemble a affiché une bonne résistance face à la crise, les dirigeants du continent doivent dorénavant s`attarder sur les facteurs pouvant mener à une véritable croissance à long terme, signale François Bourguignon, de l`Ecole d`économie de Paris, lors d’une présentation à la deuxième session plénière de laPromoting Africa’s Recovery and Long-term Growth through Regional Integration
28-Oct-2010 - Regional integration can, if properly harnessed, become a vital factor in recovery and long-term growth of African countries. This view is reflected in a number of papers presented during the first day of the African Economic Conference taking place in Tunis from 27 to 29 October 2010.AEC: Reforming Sub-Saharan Africa’s Policy Frameworks in the Post-crisis Period
28-Oct-2010 - The monetary policy framework comprises institutional arrangements to determine and implement monetary policy. It provides an anchor for monetary policy, identifies policy objectives and describes how monetary policy is implemented through a set of instruments and operating and intermediate targets.Renewed Optimism in Africa’s Future Economies
28-Oct-2010 - The 5th African Economic Conference was opened on October 27, 2010, in Tunis with much optimism. Speaking during a press conference, the African Development Bank (AfDB) Group and the United Nations Economic Commission for Africa (UNECA), co-organizers of the conference, underscored that African economies were returning to the path to strong growth after years of global economic crisis.AEC: Proposals for Africa’s Investment Guarantee Agency
28-Oct-2010 - The African Development Bank (AfDB) Group, on Wednesday, 27 October 2010, presented a proposal for the Financial Sector Strategy and Action Plan (FSSAP) for the 2011-2016 period.Closing Gender Gaps crucial to Equitable, Efficient Economic Development Management-GEPMI-Africa partners
28-Oct-2010 - Four development institutions including the African Development Bank (AfDB), the United Nations Development Programme (UNDP), the United Nations African Institute for Economic Development and Planning (IDEP) and the Makerere University, Kampala (MUK), on Wednesday October 27, 2010 in Tunis, jointly launched the Gender and Economic Policy Management Initiative (GEPMI-Africa).AEC Paves way for Africa to Position Itself in the New Global Order to Achieve Long-Term Growth,” Says AfDB Chief Economist, Mthuli Ncube
27-Oct-2010 - The 27-29 October 2010 African Economic Conference (AEC) jointly organized in Tunis by the African Development Bank (AfDB), the Economic Commission for Africa (ECA), the United Nations Development Programme (UNDP), and the Development Bank for Southern Africa (DBSA) on the theme “Setting the Agenda for Africa’s Economic Recovery and Long-Term Growth” will be significantly different from previoFifth African Economic Conference Opens with Calls for Cooperation and Partnership with Africa
27-Oct-2010 - Partnership and cooperation were two of the watchwords at the opening session of the Fifth African Economic Conference on 27 October 2010 in Tunis. The distinguished speakers at the session also expressed some caution over the austerity programmes and spending cuts among western governments in the wake of the global economic crisis, noting that they could hurt Africa’s generally bright economic outlook.Wangari Maathai Underscores Importance of Good Governance in Poverty Reduction Efforts
27-Oct-2010 - Nobel Laureate, Wangari Maathai, has underscored the importance of good governance in the effective and sustainable management of the continent’s natural resources. Speaking in Tunis, Tunisia, on Tuesday, October 27, 2009, within the framework of the African Development Bank (AfDB) Group’s Eminent Speakers Program, Prof. Maathai noted that poverty and environmental degradation on the continent were results of poor governance.AfDB Must Engage with New Partners on Solid Ground, says AfDB Chief Economist
27-Oct-2010 - The new partnerships in which Africa is currently engaged are expected to enable the continent boost its infrastructure development efforts, strengthen governance, remove obstacles to regional integration, stimulate private sector development and improve the quality of higher education, the African Development Bank (AfDB) Group chief economist, Mthuli Ncube, said during aDelegates Converge on Tunis for 5th African Economic Conference
25-Oct-2010 - Delegates have converged on Tunis for the 5th African Economic Conference (AEC) which will focus on the theme: “Setting the Agenda for Africa’s Economic Recovery and Long Term Growth.” During the 27-29 October event, African academics, policy makers, business people and development practitioners will join Bank staff in wide-ranging discussions scenarios for Africa’s economic recovery and return to strong growth.Wole Soyinka: "Reversing Brain Drain is Key to Africa’s Development"
25-Oct-2010 - The first African to win the Nobel Prize in literature, Wole Soyinka, has said that the reversal of Africa’s brain drain is key to the continent’s development. The Nigerian literary icon and civic activist made the statement at the African Development Bank (AfDB) Group’s Sixteenth Eminent Speakers Programme on Monday, October 25, 2010, in Tunis while addressing AfDB staff, members of the diplomatic corps, media practitioners and development experts on the theme: “The Role of African Intellectuals in Africa’s Development”.AfDB Mulls African Women Innovation Award
25-Oct-2010 - Tunis, 22 October 2010 – The African Development Bank (AfDB) is considering launching a global competition aimed at identifying women’s projects and women-owned small businesses which have proved to be most innovative within Africa’s civil society. Leila Mokaddem, AfDB Financial Institutions Manager, made the announcement at the Congress of the World Business Women Association (FCEM), holding from 19-23 October 2010 in Florence, Italy. Co-sponsored by the AfDB, the 58th FCEM is focusing on the theme: “New Economy, New Ecology”.Outcome of the ADF-12 Replenishment Consultations
22-Oct-2010 - Tunis, 21 October 2010- Deputies representing donor countries concluded the Twelfth Replenishment of the African Development Fund (ADF-12) on October 7, 2010, with agreement on an increase of 10.6 percent in total donor resources for the period 2011-2013. Donors and Management agreed that this represented a strong vote of confidence in the Fund, its leadership and its role in African development, and is a significant achievement in the exceptionally challenging fiscal conditions that all countries face.African Development Fund Replenished with USD 9.5 Billion
22-Oct-2010 - Tunis, 21 October 2010 – Donors concluded negotiations of the Twelfth Replenishment of the African Development Fund (ADF-12), the concessional window of the African Development Bank (AfDB) Group that provides grants and concessional loans to Africa’s low income countries. They agreed on a replenishment level of USD 9.5 billion for the ADF over the next three years (2011-2013), a 10.6 percent increase in donor contributions over ADF-11.