ACCESS TO INSURANCE COVER, CONCESSIONAL RESOURCES TO BOOST ECONOMY OF FRAGILE STATES – AFDB

The African Development Bank (AFDB) has stated that access to concessional resources and Insurance cover for pioneering investments, offer fragile nation. The best tools to jump-start their economies. ‘It is important that the state provides risk mitigating insurance for companies to promote investment in frontier markets. AFDB vice-president Regional Development. Integration and Business, Khaled Sherif said recently at a seminar on the side lines of the 7th Tokyo International Conference that the Bank has stepped into the gap to provide a perspective to states relying on emergency assistance and humanitarian aid. The AFDB is actively seeking to boost private sector development in low-income countries as well as private Investment in Africa’s worst hit states.

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