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Vol 53 No 21

Published 19th October 2012

Bankers of the world unite

Africa cannot avoid current global financial uncertainties but its higher growth is bringing in bankers bearing cheaper loans and Asian investors

Frustration and disarray among policy-makers on the Eurozone recession and fears of a slowdown in Asian growth dominated the Annual Meetings of the International Monetary Fund and World Bank in Tokyo on 12-14 October. Brave talk about Africa’s rising economic momentum and hopes for more innovative development ideas from new World Bank President Jim Yong Kim were among the few bright spots of the meeting.

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