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United Nations Economic Commission for Africa (Addis Ababa)

9th African Development Forum Tackles Innovative Financing #ADF9

The Ninth African Development Forum (#ADF9) took place in Marrakech, Morocco, from 12 to 16 October 2014. The theme for the forum was - Innovative Financing for Africa's Transformation. The Forum offered a platform for prominent African stakeholders to share key information and participate in more focused and in-depth discussions on issues relating to innovative financing mechanisms in the following four thematic areas: Domestic resource mobilization, Illicit financial flows, Private equity and New forms of partnership. The Forum sought to enhance Africa's capacity to explore innovative financing mechanisms as real alternatives for financing transformative development in Africa.

More on the Ninth African Development Forum  #ADF9 on our UNECA page

Photo: UNECA

Dr. Carlos Lopes, United Nations Under Secretary-General and Executive Secretary, Economic Commission for Africa, takes a picture with some of the delegates at the 9th African Development Forum in Marrakech, Morocco. In his opening statement, Mr Lopes said "Our ability to strengthen, build and preserve capital in Africa is in line with Africa’s search for innovative financing mechanisms. In recent years, African Governments have taken an active role in changing the investment landscape. Aid is no longer the panacea... As we build Africa’s reputation in the global capital market, each success story establishes Africa as a destination for global capital flows."