New Directions for African Financial Services
International Trade Forum › Num. 2/2005, Avril 2005
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Résumé
As Africa enters an era in which it seeks to increase its share of global trade with traditional and emerging partners, Africa must develop new strategies to avoid being left behind. For trade, Africa's over-reaching challenge is replacing its reliance on commodity exports with the manufacturing and export of finished goods and providing globally competitive services. Unique among services, the financial sector has the largest capacity for transforming economies through increased trade and investment. The key in pursuing new classes of deals that the global banks reject systematically is in achieving new levels of proficiency in assessing and mitigating risk. To spread risk across multiple participants, African banks must form syndicates amongst themselves, both within and across borders. Unless African banks lead the way in promoting trade finance, there will be much less capital directed towards regional trade in products and services.
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New Directions for African Financial Services
As we enter an era in which it seeks to increase its share of global trade with traditional and emerging partners, Africa must develop new strategies to avoid being left behind. For trade, Africa's over-reaching cha...
Voir le contenu complet de ce document
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