The AfDB President, Donald Kaberuka recently noted that although African economies are currently experiencing growth, “We should be wary of simplistic extrapolations; instead we should plan today on how to manage in a highly uncertain global environment”.
He called upon African economies to tap into global trade and capital markets to fight poverty.
Dr. kaberuka was providing his assessment of the global economy and Africa’s development.
He was guest speaker at the Meeting of the Board of Governors of PTA Bank in Lusaka, Zambia on 19 December, 2012.
On poverty reduction, Dr. 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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