DFIs urged to rethink approach
Wednesday, November 09, 2016
Patrick Dlamini, chairman of the Association of African Development Finance Institutions (AADFI), made the suggestion last week in Gaborone at the opening of the CEO Forum of the World Federation of Development Finance Institutions (WFDFI).
“The current global development challenges are enormous and require collective and integrated approach to weather the storm,” he said.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...