AfBD Chief Economist Speaks at Africa - Moving Forward Conference in Dublin

2 June 2009
Content from a Premium Partner
African Development Bank (Abidjan)
press release

As part of Africa Day celebrations on May 25, 2009, a conference held on the theme: "Africa- Moving Forward," took place at Trinity College Dublin, with the African Development Bank (AfDB) Group Chief Economist, Louis Kasekende; the Nigerian President's Special Adviser on NEPAD, Tunji Olagunju, and Ireland's State Minister for Overseas Development, Peter Power, featuring as keynote speakers. The event was organized by the Institute for International Integration Studies and the Trinity International Development Initiative, in collaboration with the group of African Ambassadors in Dublin, with support from Irish Aid as part of Africa Day celebrations in the country.

There was strong focus on conference discussions on NEPAD and recent economic developments in Africa. Mr. Kasekende addressed Africa's recent economic successes and current challenges facing the continent. Sub-Saharan Africa has enjoyed a remarkable growth take-off since the mid-1990s. For the first time since the 1970s, a large number of Sub-Saharan African countries have enjoyed robust economic growth and high growth rates in per capita income terms as a result of a favourable economic environment, sensible economic policies and increased external support in the form of debt relief and higher aid inflows. However, the food and fuel price shocks in 2007 and 2008 and, more recently, the global financial crisis are now threatening this progress and the continent remains vulnerable to exogenous shocks. International support is even more vital now if the region is to achieve its overriding objective of raising living standards and reaching the Millennium Development Goals.

Contact

Joachim Arrey

AllAfrica publishes around 600 reports a day from more than 110 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.