Tag Archive | "Development"

Emerging African development thinking (2)

Prof. George Ayittey

Prof. George Ayittey

SPECIAL INTERVIEW (Part 2)  Development/Africa
Emerging African development thinking (2)

Kofi Akosah-Sarpong continues his discussions with Prof. George Ayittey on his argument that US President Barack Obama’s Accra speech that Africa’s future is in Africans hands is an “intellectual vindication” for the “Internalist School” of African development

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Canada Announces New Support To The African Development Bank

CANADA DELIVERS ON ITS COMMITMENT TO STRENGTHEN INTERNATIONAL FINANCIAL INSTITUTIONS
Canada PM Steven Harper & USA President B.OBAMA ,Photo by Deb Ransom

Canada PM Steven Harper & USA President B.OBAMA ,Photo by Deb Ransom

PITTSBURGH – Prime Minister Stephen Harper today announced that Canada will provide the African Development Bank more lending room to respond to the pressures of the global economic crisis. This action to temporarily triple callable capital for the Bank reinforces Canada’s London G20 commitment to strengthen and support international financial institutions.

“Canada is the first country to have responded to a critical need of regional banks in this innovative way,” said Prime Minister Harper. “Our support recognizes efforts by the African Development Bank to ensure it has sufficient resources to respond quickly to the demands of its borrowing members while it continues its poverty reduction efforts.”

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