General Meeting of the African Export-Import Bank: Address by K. Y. Amoako, UN under-secretary general and executive secretary, ECA

Abstract

Address by K. Y. Amoako, UN Under-Secretary General and Executive Secretary, ECA at the General Meeting of the African Export-Import Bank. Mr. Amoako, on his remarks outlined that, The Economic Commission for Africa strongly supported the establishment of the African Exlm Bank when the idea was mooted in the late 1980s, and we are happy to see that it is emerging among the leading regional financial institutions in Africa. The links between trade, economic growth and development are now fully recognized. Outward and market-oriented development strategies are being accepted by many African countries as a precondition for sustainable development. The United Nations has recognized that improved guidelines in customs, banking, insurance and telecommunications will encourage more efficient trade and reduce transaction costs. The establishment of sub regional and regional Trade Point Development Centers will be carried out in cooperation with all UN Regional Commissions, including the ECA.