20 December 2012
Content from our Premium Partner

African Development Bank (Abidjan)

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

press release

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.

Copyright © 2012 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 800 reports a day from more than 140 news organizations and over 500 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.