20 December 2012

AfDB President Donald Kaberuka Calls On African Economies to Tap Into Global Trade and Capital Markets to Fight Poverty

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AfDB President, Donald Kaberuka, was a guest speaker at the Meeting of the Board of Governors of PTA Bank in Lusaka, Zambia on 19 December, 2012. He was invited to provide his assessment of the global economy and Africa's development.

Although African economies are currently experiencing growth, Kaberuka guarded" against hyperbole. We should be wary of simplistic extrapolations; instead we should plan today on how to manage in a highly uncertain global environment". On poverty reduction, President Kaberuka said that "every nation on planet earth was poor at some point... What made the difference was tapping into global trade and capital markets...That is the way to go". PTA is the Eastern and Southern African Trade and Development Bank.

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