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Recommendation on encouraging Pan-African investment and financing institutions to focus on Africa's rural economy

Recommendation on encouraging Pan-African investment and financing institutions to focus on Africa's rural economy
Jurisdiction
African Regional Bodies · African Union (AU)
Regional Body / Author
Pan-African Parliament
Date
11 April 2005
Language
English
Publication
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African Union

Recommendation on encouraging Pan-African investment and financing institutions to focus on Africa's rural economy

The Pan African Parliament;
1.BEARING IN MIND the important role of investment and financing institutions in stimulating economic growth, development and poverty reduction;
2.AWARE that such vehicles of economic growth are, by and large, non-existent in the continent’s rural economies;
3.APPRECIATING the need to establish such institutions to foster rapid economic growth in the continent’s rural areas;
THEREFORE RECOMMENDS that the African Union, in conjuction with the Private Sector, Pan-African Investment and Financing institutions, ecourages new and existing investment and financing institutions to focus on the continent’s rural economies.
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