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

Jurisdiction: African Union (AU)
Date: 11 April 2005
Language: English
Type: Recommendation

African Union

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

Published on 11 April 2005
Commenced
[This is the version of this document from 11 April 2005.]

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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