Tag Archives: Climate
Zambia’s economy is looking bright after the recent IMF visit to the country to further discussions on the 2017 Article IV consultation. The country has grown in foreign investors towards Zambia’s government securities market and also a good climatic condition – marked by moderate rainfall to support the agricultural sector. The country has also requested for an IMF-Supported program. According to the IMF team, the Zambian economy has witnessed a positive growth which could possibly allow the country to be supported by IMF’s Extended Credit Facility (ECF). The ECF provides financial assistance to countries with protracted balance of payments problems. As it stands now, the IMF seeks to reach more understanding of the country and based on that grant Zambia’s ECF request.
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:
LICEX 2013 Launched Sustainable development and investment opportunities in Lebanon’s infrastructure
Zimbabwe anticipates to ignite its green economic revolution with the recent launch of the green business awards expected to be presented to outstanding winners in November 2013, according to Sebastian Zuze, Chairman of the awards. The awards recently launched in Harare under the theme:Greening the economy for sustainable national prosperity are an initiative of Xhib-it Events company and are meant to celebrate excellence in green practice,strategy and products, complimenting the Ministry of Environment’s efforts on greening the economy.They seek to recognize the most innovative,ambitious and effective initiatives by Zimbabwean business and individuals for achieving environmental sustainability and implementing smart business practice.
New IFC Vice President Jean Philippe Prosper Pledges Further IFC Financing in Senegalese Infrastructure Projects
DAKAR, Senegal, May 10, 2013/African Press Organization (APO)/ – IFC, a member of the World Bank Group, will further expand its investments in infrastructure in Senegal, as well as continue advising the government on public-private partnerships in infrastructure and other sectors, said Jean Philippe Prosper, IFC Vice President for Sub-Saharan Africa, Latin America and the Caribbean. On the occasion of his first trip since assuming his new position, Prosper highlighted the key role of the private sector in building infrastructure by working alongside national authorities.
CAPE-TOWN, South-Africa, May 9, 2013/African Press Organization (APO)/ – A high-level roundtable on Building Private Equity and Private Capital Markets in Africa, met on 8 May, to explore the promise and obstacles facing private capital investments in Africa. The roundtable of investors and policy makers met under the auspices of the Economic Commission for Africa (ECA) and the World Economic Forum on Africa to navigate the complex world of private equity, which in recent years has shown increased interest. According to the participants, this could be Africa’s next development financing frontier and could mark an end to an aid dependency.
“I think energy efficiency and management in the short to long term is the way to go and this conference’s emphasis on ways to improve these is impressive.”
“In each market where wind energy is being developed, the state is a big player in the initial stages of industry development and is often the sponsor of pilot projects.”
Climate Investment Funds Give North Africa and Middle East Green Light for Revised Regional Solar Plan
AfDB/World Bank-supported plan to generate more than a gigawatt of power
Dubai Expo 2020 reports on two social initiatives in Africa that are helping foster sustainability on a local level
DUBAI, UAE, May 1, 2013/African Press Organization (APO)/ – Under the theme ‘Connecting Minds, Creating the Future’, Dubai is building its Expo 2020 bid (http://www.expo2020dubai.ae) on three sub-themes representing the forces that inspire global development: sustainability (lasting sources of energy and water); mobility (smart systems of logistics and transportation); and opportunity (new paths to economic development). Dubai Expo 2020 (http://www.expo2020dubai.ae/en/) reports on two social initiatives in Africa that are helping foster sustainability on a local level.