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Vol 39 No 7

Published 3rd April 1998

Starting small

Bankers are eyeing Africa for signs of the promised economic renaissance

African finance ministers are frustrated by the speed at which international financial institutions have moved to help bail out ailing East Asian economies, comparing this to the laggardly pace at which debt relief and concessionary credits are granted to their own economies. But they are cheered by a cautious revival of commercial banking interest in African assets and projects after almost two decades of economic reform and liberalisation on the continent.

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