G8 Kananaskis Africa Action Plan

Sectors : Financial Institutions, markets, services and microfinance, Investment
Organisation : G8
Date made: 
2002
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Commitments in: Private Sector development and financial services for the poor - Financial Institutions, markets, services and microfinance

“III. Fostering Trade, Investment, Economic Growth and Sustainable Development...

...we commit to...
...3.1...
...• Supporting African initiatives aimed at fostering efficient and sustainable regional financial markets and domestic savings and financing structures, including micro-credit schemes – while giving particular attention to seeing that credit and business support services meet the needs of poor women and men;

• Enhancing international cooperation to promote greater private investment and growth in Africa, including through public-private partnerships; and,

• Supporting the efforts of African governments to obtain sovereign credit ratings and gain access to private capital markets, including on a regional basis.”

Scope: 
Africa

Commitments in: Private Sector development and financial services for the poor - Investment

“III. Fostering Trade, Investment, Economic Growth and Sustainable Development...

...we commit to...
...3.1 Helping Africa attract investment, both from within Africa and from abroad, and implement policies conducive to economic growth – including by:

• Supporting African initiatives aimed at improving the investment climate, including sound economic policies and efforts to improve the security of goods and transactions, consolidate property rights, modernize customs, institute needed legal and judicial reforms, and help mitigate risks for investors;

• Facilitating the financing of private investment through increased use of development finance institutions and export credit and risk-guarantee agencies and by strengthening equivalent institutions in Africa;”

Scope: 
Africa