Tag Archives: bank

Daily Analysis for Monday May 20

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Developing World’s Share of Global Investment to Triple by 2030, Says New World Bank Report

Seventeen years from now, half the global stock of capital, totaling $158 trillion (in 2010 dollars), will reside in the developing world, compared to less than one-third today, with countries in East Asia and Latin America accounting for the largest shares of this stock, says the latest edition of the World Bank’s Global Development Horizons (GDH) report, which explores patterns of investment, saving and capital flows as they are likely to evolve over the next two decades.

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Twelve African Energy, Mining and Industry Ministers confirm attendance at the Africa Energy Forum 2013 in Barcelona

A recent report from the World Bank indicated that the GDP of a third of African countries grew by at least 6% last year, despite the estimate that power outages cost African economies on average around 2% pa of their GDP.

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Soutien des Gouverneurs pour une reconstitution réussie du Fonds africain de développement (FAD) – FAD-13

ABIDJAN, Côte d’Ivoire, 15 mai 2013/African Press Organization (APO)/ Nous, gouverneurs du Fonds africain de développement (FAD) et ministres du Plan et des Finances de Côte d’Ivoire, du Ghana, de Guinée, du Liberia, du Sénégal et de Sierra Leone, avons participé à l’atelier de présentation des priorités opérationnelles et stratégiques du FAD-13, le 14 mai 2013 à Abidjan.

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African Development Fund: Governors support a successful ADF replenishment

ABIDJAN, Côte d’Ivoire, May 15, 2013/African Press Organization (APO)/ We, the African Development Fund’s Governors, Planning and Finance Ministers from Côte d’Ivoire, Ghana, Guinea, Liberia, Senegal and Sierra Leone attended the ADF-13 Presentation Workshop on the Fund’s Priorities and Operational Strategies, in Abidjan, May 14, 2013.

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Global Trade Partners in the 21st Century

WASHINGTON, May 15, 2013/African Press Organization (APO)/ — Remarks

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IFC to Support Central Bank of Nigeria in Strengthening Sustainable Banking

About IFC

 

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, mobilizing capital in international financial markets, and providing advisory services to businesses and governments. In FY12, our investments reached an all-time high of more than $20 billion, leveraging the power of the private sector to create jobs, spark innovation, and tackle the world’s most pressing development challenges. For more information, visit http://www.ifc.org.

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IMF Concludes Article IV Mission to Cameroon

YAOUNDE, Cameroon, May 15, 2013/African Press Organization (APO)/ An International Monetary Fund (IMF) mission, led by Mr. Mario de Zamaróczy, visited Cameroon during April 29–May 14, 2013 to conduct the 2013 Article IV Consultation. The mission met with Prime Minister Philémon Yang, Minister Secretary General at the Presidency Ferdinand Ngoh Ngoh, Minister of Finance Alamine Ousmane Mey, Minister of Economy, Planning, and Territorial Development Emmanuel Nganou Djoumessi, several other ministers, the Vice Governor and the National Director of the Bank of Central African States (BEAC), other senior officials, and representatives of the private sector, labor unions, civil society organizations, and development partners. The discussions focused on recent economic and financial developments, the 2013 budget, and the economic outlook for 2013 and beyond. At the end of the mission, Mr. de Zamaróczy issued the following statement:

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IMF Executive Board Concludes 2013 Article IV Consultation with Seychelles

VICTORIA, Mahé, May 15, 2013/African Press Organization (APO)/ On May 8, 2013, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Seychelles. 1

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IFC Promotes Mobile Financial Services in Cote d’Ivoire to Encourage Inclusive Development

ABIDJAN, Côte d’Ivoire, May 14, 2013/African Press Organization (APO)/ IFC, a member of the World Bank Group, and The MasterCard Foundation today convened key financial industry players to build further momentum for mobile financial services in Cote d’Ivoire. The event recognized the market’s enormous potential, especially for increasing access to finance for low income households, small scale businesses and in hard-to-reach areas.

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IFC fait la promotion des services financiers mobiles en Côte d’Ivoire afin de favoriser un développement inclusif

ABIDJAN, Côte d’Ivoire, 14 mai 2013/African Press Organization (APO)/ IFC, un membre du Groupe de la Banque mondiale, et la Fondation MasterCard ont réuni aujourd’hui des acteurs majeurs de l’industrie financière afin de donner un élan supplémentaire aux services financiers mobiles en Côte d’Ivoire. L’événement a permis de souligner le potentiel considérable du marché, notamment pour étendre l’accès au financement aux foyers à faibles revenus, aux petites entreprises et dans les zones difficiles d’accès.

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SA ECONOMIC GROWTH HIT BY MINING SECTOR

Will the Chinese purchase divested mining interests?

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Mobile Technologies to Fast Track Financial Transactions for the Unbanked in Asia

4th Annual Summit on Mobile Payments & Banking Greater Mekong/ Emerging Markets will be taking place in Phnom Penh, Cambodia from 12-13 June 2013.

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Lopatka: “Africa wants closer cooperation with Austria” / State Secretary sets initiatives for economic cooperation and educational projects

VIENNA, Austria, May 14, 2013/African Press Organization (APO)/ Opportunities for deepening political and economic ties to the African continent were the focus in a meeting of Austrian State Secretary Reinhold Lopatka with 25 ambassadors from African states. The Austrian Development Agency (ADA), the Austrian Development Bank and the Austrian Ministry of Finance (soft loans) are the partners in the Africa initiative, which the Federal Ministry for European and International Affairs has started with the support of the Federal Economic Chamber (WKÖ) and the City of Vienna. The African ambassadors showed great interest in stronger economic cooperation with Austria, including tourism projects and accessing Austrian know-how.

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Ten African Government Ministers confirm attendance at the 15th Africa Energy Forum 2013: the international forum for Africa’s power sector

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Successful infrastructure project bonds require improved regulatory frameworks, says AfDB study

TUNIS, Tunisia /African Press Organization (APO)/ African countries need to improve their regulatory frameworks in order to ensure the successful launch of African infrastructure project bonds, says a new report launched by the African Development Bank (http://www.afdb.org).

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AfDB Concludes First Pan-African Training for Regulators of Derivatives and Commodities Exchanges

ABIDJAN, Côte d’Ivoire /African Press Organization (APO)/ The African Development Bank (AfDB) (http://www.afdb.org) on May 10, 2013 concluded a one-week, pan-African training workshop for African regulators of derivatives and commodities exchanges. The training workshop was held in Abidjan, Côte d’Ivoire.

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