Nigerian President, Chief Olusegun
Obasanjo and leading development economist, Prof. Jeffrey Sachs, will
anchor the second Babacar Ndiaye Lecture scheduled for Bali, Indonesia.
Obasanjo and leading development economist, Prof. Jeffrey Sachs, will
anchor the second Babacar Ndiaye Lecture scheduled for Bali, Indonesia.
The events is organised by African
Export-Import Bank (Afreximbank) ,Mr Obi Emekekwue, the bank’s Director
and Global Head of Communications and Events Management Department, said
in Lagos.
Export-Import Bank (Afreximbank) ,Mr Obi Emekekwue, the bank’s Director
and Global Head of Communications and Events Management Department, said
in Lagos.
Emekekwue said they would speak on:
“Global Power Disequilibrium, Trade Wars and Implications for Africa” at
the lecture which would take place on the sidelines of the World
Bank-IMF Annual Meetings.
“Global Power Disequilibrium, Trade Wars and Implications for Africa” at
the lecture which would take place on the sidelines of the World
Bank-IMF Annual Meetings.
Ndiaye, who was President of the African
Development Bank from 1985 to 1995, is being honoured for the creation
of Afreximbank and other continental institutions, such as Shelter
Afrique and the African Business Roundtable, he
said in a statement.
Development Bank from 1985 to 1995, is being honoured for the creation
of Afreximbank and other continental institutions, such as Shelter
Afrique and the African Business Roundtable, he
said in a statement.
Sachs, an American economist and public
policy analyst, is Director of the Earth Institute at Columbia
University, where he holds the title of University Professor, the
highest rank Columbia bestows on its faculty.
policy analyst, is Director of the Earth Institute at Columbia
University, where he holds the title of University Professor, the
highest rank Columbia bestows on its faculty.
He is also the Special Advisor to United
Nations Secretary-General; Co-Founder and Director of the Millennium
Promise and Director of the UN Sustainable Development Solutions Network
among others.
Nations Secretary-General; Co-Founder and Director of the Millennium
Promise and Director of the UN Sustainable Development Solutions Network
among others.
Afreximbank is the foremost pan-African
multilateral financial institution devoted to financing and promoting
intra- and extra-African trade.
multilateral financial institution devoted to financing and promoting
intra- and extra-African trade.
The bank was established in October 1993
by African governments, African private and institutional investors, and
non-African investors.
by African governments, African private and institutional investors, and
non-African investors.
Its two basic constitutive documents are
the Establishment Agreement, which gives it the status of an
international organisation, and the Charter, which governs its corporate
structure and operations.
the Establishment Agreement, which gives it the status of an
international organisation, and the Charter, which governs its corporate
structure and operations.
Since 1994, it has approved about 60
billion dollars in credit facilities for African businesses, including
about 8.5 billion dollars in 2017.
billion dollars in credit facilities for African businesses, including
about 8.5 billion dollars in 2017.
Afreximbank has total assets of 11.9
billion dollars as at Dec. 31, 2017 and is rated BBB+ (GCR), Baa1
(Moody’s), and BBB- (Fitch).
billion dollars as at Dec. 31, 2017 and is rated BBB+ (GCR), Baa1
(Moody’s), and BBB- (Fitch).
The bank is headquartered in Cairo, Egypt.
