Africa De­vel­op­ment In­sti­tute be­gins AEC

The Pak Banker - - Front Page -

TU­NIS: The African De­vel­op­ment In­sti­tute (EADI) kicked off the African Eco­nomic Con­fer­ence on Oc­to­ber 29 in Ki­gali, Rwanda, with a cur­tain-raiser event, namely a work­shop to en­hance net­work­ing and pol­icy di­a­logue among African think tanks. The work­shop, ti­tled “Flow of Funds and Africa’s Eco­nomic Trans­for­ma­tion”, aims to en­hance net­work­ing and pol­icy di­a­logue among African think tanks and top gov­ern­ment of­fi­cials who are in­volved in pol­icy de­sign and im­ple­men­ta­tion. Of­fi­cially opened by Rwanda Fi­nance and Eco­nomic Plan­ning Min­is­ter John Rwan­gombwa, the work­shop brought to­gether key re­search or­ga­ni­za­tions from the con­ti­nent and glob­ally to in­ter­act with pol­icy-mak­ers. The fo­cus is on the use of the flow of funds frame­work for pol­icy de­sign and anal­y­sis in or­der for Africa to tran­si­tion to eco­nomic trans­for­ma­tion. Ex­press­ing wor­ries about Africa at­tract­ing less than nine per cent For­eign Di­rect In­vest­ment, and the con­tin­ued uncer­tain­ties in the global econ­omy, Hon. Rwan­gombwa ob­served that this can be an op­por­tu­nity for our con­ti­nent. “Pol­icy-mak­ers work­ing closely with re­searchers and think tanks of the con­ti­nent can turn these chal­lenges into op­por­tu­ni­ties,” he said. He also stressed that “Africa present it­self as the most prof­itable and se­cure des­ti­na­tion of in­vestors’ funds that are scared of the prob­lems in the Western mar­kets. Speak­ing on the oc­ca­sion, the Bank’s Re­gional Di­rec­tor, Gabriel Ne­gatu, stressed the im­por­tance of the Bank’s Part­ner­ship with think tanks.

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