Launch of the 2009 Africa Competitiveness Report

SPONSOR WIRE

The African Development Bank (AfDB) Group released today its 2009 Competitiveness Report which stresses the need for African countries to keep building and consolidating the foundations for long term growth.

This year's Report comes out amid the global financial crisis. In this context, Africa's financial markets figures are among the main topics analyzed in the Report. According to this analysis, some African countries--namely South Africa, Algeria, Nigeria, and Egypt--, are well poised to bounce back from the crisis.

These large African economies have competitive banking systems and functional regulatory systems following financial-sector reforms adopted since the early 1990s. However, each country will determine the most appropriate approach given to its particular circumstances.

More generally, the present economic downturn underscores the importance of developing an economic environment that is based on good governance and sound public management..

This year's African Competitiveness Report is the second in a series within a partnership between three institutions AfDB, World Bank and World Economic Forum.

Contact

Yvan Cliche

Copyright © 2009 African Development Bank. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.