Although regarded and considered by most an African forum, the
It is the first time an Italian finance minister has visited
I think it is important that
As far as the Italian presidency is concerned, we will stress the need to enhance relationships between African Countries and the
As the AfDB celebrates 50 years, what are their greatest achievements from the
There has been great progress in ensuring the availability of financial resources to leverage investments and also strengthen institutions to increase stability and foster democracy.
The bank has helped countries' efforts to improve business environments and private investments. The bank has leveraged both financially and institutionally. A good example of countries that have utilised the opportunity to work with the Bank is
What is the status of the relations between African countries and the
Relations between EU and
Speaking of immigration pressure, how can it be handled to ensure a win-win for both parties?
There are several aspects to the immigration story. Orderly immigration is beneficial to
Another thing that can be done is to help strengthen the education infrastructure in
Despite cases of African countries exporting to
The fact that growing economies have a trade deficit is not unusual. This is because of their desire for capital goods and other resources needed for development. The issue, therefore, should not be about trade deficit but rather sustaining development during the trade deficit.
Countries need to source for enough trade finance to bridge the gap in the trade deficit to build up the export capacity. In that point of view, looking at strengthening trade financing could be an ideal area of cooperation between
European markets have a tendency to impose too many restrictions on African exporters, most of which are considered unnecessary trade barriers. Is there a way they can be brought down?
You can look at it both ways. The fact that there is pressure to supply high quality exports shows that there is room to upgrade their export quality and capacity. Since
There are few important lessons to draw from
The initiative that the three countries are taking will help increase investments and should be fully supported.
This can also take a monetary dimension and indeed strong trade integration is one of the pre-conditions of monetary integration.
Of course as integration proceeds, the countries will have to harmonise and work closely in national macro-economic policies, monetary policies as well as fiscal policies to ensure that integration is sustainable.
The European experience shows that integration is good but must be accompanied by the building of strong institutions. Aspects like similar infrastructure development say railway networks are the key to integration. There should also be policy integration which allows nations to come together in a flexible way.
What is your impression about
I see a country that has greatly transformed itself after a terrible period it its history. I am really impressed by the strides the country has made over the past two decades. I see an impressive process of growth dependent on human resources of a young population and very positive enthusiasm. I sure do hope to come back in the future.
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