ABREC PRESENTATION AFRICA CARBON FORUM 2015 MARRAKESH, MOROCCO, APRIL

Size: px
Start display at page:

Download "ABREC PRESENTATION AFRICA CARBON FORUM 2015 MARRAKESH, MOROCCO, APRIL"

Transcription

1 ABREC PRESENTATION AFRICA CARBON FORUM 2015 MARRAKESH, MOROCCO, APRIL

2 A brief description ABREC is an international organisation backed by African states and financial institutions who s mission is the fostering of a Green Economy in Africa through the conception, funding and sponsoring of high impact public sector and private sector renewable energy initiatives in Africa. It has emerged in the five years since its funding as a force for sustainable development in Africa by implementing landmark projects such as the launch of the $150m African Renewable Energy fund, the management of the $100m PRODERE programme of the WAEMU commission and the seeding of the SME focused African Green Development fund. ABREC seeks to continue to build on its track record by funding sponsoring and managing further high impact strategic initiatives that promote the green economy across the African continent. 2

3 ABREC factsheet Legal status Full name Headquarters Offices Web address Staff Share capital Shareholders International for profit organisation African Biofuel and Renewable Energy Company SA 128, Boulevard du 13 Janvier, P.B Lomé, TOGO Lome, London, 15 based in Lome & London $3.7m Benin, Burkina Faso, Cape Verde, Gambia, Ghana, Guinea, Guinea Bissau, Ivory Coast, Mali, Niger, Nigeria, Sierra Leone, Senegal, Chad, Togo, ECOWAS Bank for Investment and Development (EBID), International Energy Insurance of Nigeria (IEI), ECOBANK Development Corporation (Ecobank), African Guarantee and Economic Cooperation Fund (FAGACE), NEXIM Bank (Nigeria EXIMBANK) 3

4 What ABREC Stands for Building Africa s hub for renewable energy Reinforce energy and economic self sufficiency in Africa Take advantage of advances in the clean energy market Tackle the challenge of global warming Promotion and funding of renewable energy projects in the private and public sectors Advising governments and the private sector to enable them obtain maximum benefit from clean energy markets Transfer of new green technologies for the development of renewable energy industries Funding of SME/SMIs in the area of renewable energies Contribute to the development of the biofuels and renewable energy industry in sub-saharan Africa, with a particular focus on West Africa Provide investors with superior returns through investments in renewable energy projects which generate certified emission reductions 4

5 ABREC is delivering on its mission Hub: we capture an increasing share of RE projects in west Africa Impact: the projects we have executed have a tangible positive impact in terms of carbon sequestration, livelihoods of people, renewable energy use Awareness: We have contributed to the divulgation of RE amongst governments, African institutions, receptors of technological transfer and African consumers Case 1: PRODERE Strategy In close collaboration with the WAEMU commission ABREC proposed and structure a strategy for deployment of funds under the PRODERE programme Case 2: Djemegni Ecovillage ABREC project managed the implementation of extensive RE infrastructure in a village of Togo with limited grid access where Solar lamps and kits power Public and private structure Case 3: AREF Structuring ABREC conceived, structure, promoted and funded the African Renewable Energy fund a $300m renewable energy in partnership with the ADB. ABREC and the ADB awarded the management of the fund to Berkley Energy. 5

6 Selected key milestones ABREC Togo Sierra Leone PRODERE 1 Benin $55m 13k Street Lamps Origination, Structuring, Fund Raising, Project management $20m 13K Solar Street Lamps Origination, Structuring Fund Raising, Project management $50m Origination, Project Management $100m $15k Solar Street Lamps, 5MW micro Solar power plant Origination, Structuring Fund Raising, Project management AREF ETHIOPIA UGANDA UGANDA KENYA Geothermal Power Plant Origination, Structuring, Investment, Build Hydro Power Plant Origination, Structuring, Investment, Build Hydro Power Plant Origination, Structuring, Investment, Build Geothermal Power Plant Origination, Structuring, Investment, Build Net Income Team $ 2.1m (2013) $ 2.5m (2014) CEO 2 Legal 5 Financial 10 Engineers Abrec has demonstrated robust financial performance Supported by a strong execution team 6

7 Significant project pipeline 15k Solar Street Lamps Origination, Structuring, Fund Raising, Project management 5MW Solar power stations in 8 countries of WAEMU IPP support fund of WAEMU Commission with a target of 200MW incremental power generated by IPP in the 8 countries of the union The OMVS is working in partnership with ABREC to bring to market 200MW power generation projects in Senegal ABREC has identified a significant pipeline representing 400MW of solar, wind and biomass projects across Africa $50m Senegal $50m PRODERE II $100m FRAED $500m OMVS Project Pipeline $1bn Proprietary Project Pipeline H H

8 We have a unique positioning in Africa West Central East Strong team & governance Experienced Team International standards processes Pan African presence Institutional partnerships Shaping policy Project Execution Private Equity Broad scope of activities AfDB, AFREXIM, AREF, BOAD, EBID, ECOBANK OMVS, UEMOA, 8

9 Structure Diagram African States African Financial Institutions UEMOA Donors Investor 100% ABREC Public Sector ABREC Capital BERKELEY ENERGY 25% 75% Policy Formation Project Execution Advisory Investment Committee Investment Banking Private Equity AREF GP FRAED AGDF

10 We have a broad span of business activities Public Sector PRODERE Originating, Advising and managing initiatives for sovereign states and supranational institutions -Policy shaping -Advisory Services -Project Execution -Guarantees management Private Equity AREF, AGDF Conceiving, sponsoring, funding and managing dedicated funds for institutional investors seeking commercial returns -PE Fund Management -PE Joint Ventures Advisory Abrec Capital Originating, structuring and raising finance for corporates, institutions and sovereign client -Advisory -Capital Raising Power Generation Project development - Project Identification - Project conception - Building of power assets - IPP negotiation - Management and exit H

11 Private Equity - AREF ABREC conceived and structure the African Renewable Energy Fund. ABREC engaged the ADB to get support in funding further market research and the selection of specialist fund manager to manage the fund. The ADB supported by ABREC ran a tender process for the management of the fund. At the end of the selection process Berkley energy was retained. The Process The Fund The Fund Manager The Projects ABREC engaged ADB to commit financial resource ABREC set out project scope ADB & ABREC managed tender processed ADB & ABREC went through 2 round selection process ADB & ABREC undertook final interviews, selection and negotiation ADB & ABREC established GP $150m 10-Year Fund Cornerstone investors AfDB & SEFA Development stage projects in Sub-Saharan Africa (ex S Africa) 18-20% equity IRR / 2 x money project return Fund Manager with Developer Skills Engineers, operators, project managers, legal + financial analysis Deep market presence & JV with ABREC Low cost, no fees Partner local developers for sensibly-sized projects Assuring the project timetable, minimising development cost, making the project happen! 5 50 MW Projects, all Renewable Technologies Across sub-saharan country (ex South Africa), Strong resource Compelling system need Supportive enabling environment Willing partner Financial viability 11

12 Private Equity - AGDF ABREC Capital has seeded the African Green Development Fund, a mm private equity investment vehicle focused on impact investing in small and medium sized enterprises across Africa. Vehicle Legal Structure Terms Mauritius Target Vehicle Size m Investment Horizon Investment Advisor Fund Location Instruments Capital Structure NAV Calculation Management Fee Performance Fess 5 years for debt component and 3 years for equity component Abrec Capital Ltd Mauritius Hybrid equity A, B and D shares, Management, Investor and Donor Shares Annually by BDO London and Half yearly updates 2% of the aggregate equity commitment 20% of all distributions after payback Soft & Hard Close 31 Dec 2015, 31 Dec

13 Experience Management skills Staff capability Institutional Ties Diversity Advisory - Abrec Capital Abrec Capital is firm that provides a wide range of services relating to a diversified client base that includes governments, corporations and institutions. Headquartered in London the firm was founded in 2014 as a subsidiary of ABREC an International organisations that promotes sustainable development in Africa. Our business is formed of two distinct business lines. Investments We invest the capital of ABREC and its partners in early stage and development stage projects in the African green economy. We are building an ecosystem of specialised companies which will be the leaders of sustainable development on the continent. Advisory We provide strategic advisory services to African based, Institutions, corporations and entrepreneurs with respect to their strategic growth and funding initiatives. We have in aggregate over 150 years of Investment and investment banking experience Our management has deep management experience of companies, people and processes to deliver on the Company s vision We recruit high calibre professionals with a track record of delivery and excellence We have privileged access to large institutions that allow us to operate at the highest level of advisory We pride ourselves in our diversity in terms of backgrounds, experiences, gender and race

14 A new sovereign initiative - FRAED ABREC has driven the creation of the FRAED whose of objective is the promotion of private sector investment across the 8 states1 of the West African Monetary Union through supporting independent power producers FRAED will cost $100m of which $20m have been committed by the WAEMU commission FRAED commitment will be leveraged 5x to reach a $500m in funding capacity 200MW Incremental power generation/ 25 MW per country Technical Assistance in shaping regulatory framework Financing of feasibility studies Project Development 15% IRR Offer IPP secured rates of returns Subsidise returns to yield IRR s above 15% Stand as guarantor of PPAs 1. Benin, Birkina Faso, Guinea Bissau, Ivory Coast, Mali, Senegal, Togo 14

15 A new private initiative - ABREC Power Generation Our vision is to establish Africa s leading renewable energy power developer and producer that develops projects and runs power assets The opportunity is underpinned by the FRAED, OMVS and ABREC s own extensive pipeline African Blue Chip ABREC Control Leadership Ownership ABREC, Developers, Power Generation Companies, International Investors. (Perennial Equity vs Private Equity) Capitalisation Progressive ($20m, $200m, $1bn) Control ABREC representing African Stakeholders Resources Establishing a leading project development and IPP team 15

16 ABREC Power Generation Ecosystem Ring-fenced Funding Ring-fenced Projects CORE SHAREHOLDERS Abrec & Partners Anchor Equity CO -INVESTORS Shareholders Bondholders Project Equity SHAREHOLDERS International Developers PE Investors, Infrastructure Investors ABREC POWER GENERATION COMPANY Project Equity Project Development Incremental Equity Power Production Project 1 Project 2 IPP 1 IPP 2 BONDHOLDERS African Pension Funds, African Financial Institutions, African States ARE Bond 1 LENDERS Banks, DFI s, Yield Investors Project Loan Bond guarantee WAEMU $20m GUARANTORS Guarantco, Gari, Fagace EU $80m PPA guarantee FRAED Donors $200m Loan guarantee WAEMU 200mw 20-25mw/project OMVS 200mw 10-50mw/project ABREC Pipeline 400mw 5-50mw/project 1. ARE Bond (AREB) African Renewable Energy Bond 16

17 ABREC Power Generation collaboration opportunity Technical Assistance Project Development Power generation Business Streams Programme support for WAEMU commission Regulatory Framework Stipulation support Origination, Structuring PPA Negotiations Developing power assets Running IPP Energy production and distribution Structuring Financial Operational Collaboration opportunities Providing Capital deploy strategy Structuring governance and Execution Providing financial capital Fund raising across all tiers of capital structure Sourcing core and financial investors Fund raising for single projects Technical management Company management Single project investment 17

18 Appendices 18

19 Selected public sector project execution Business activity Project Client Policy Formation USAID-GVEP-MIRO-OMVS EU Carbon Program Fund Raising $30m street light project $30m street light project $25m Capacity extension $45m PRODERE Phase I Advisory Solar street lights Micro & small solar plants CFL Solar kits Solar boilers Solar water heater Project Execution PRODERE Phase 1: CFL, Solar kits, Micro-solar PV plants, Solar street lights United Nations African Development Bank (AfDB) Sustainable Energy Fund for Africa (SEFA) Sierra Leone Togo CEB WAEMU Commission Mali Niger Guinea Sierra Leone Togo Burundi WAEMU Commission Togo 19

20 ABREC has a significant pipeline of projects ABREC has originated a significant number of projects across Africa that it can execute1 Limited resources imply that only a careful selection can be executed Larger financial and human resources will drive further execution SECTORS PROJECTS COUNTRIES COST ($M) Waste Management Hydro; 3 Biofuel; 1 Waste Managemen t; 4 Energy Efficiency Wind Energy Efficiency; 2 Solar Wind; 1 Hydro Biofuels TOTAL Solar; We can make a more detailed pipeline available upon signing a Confidentiality Agreement 20

21 Some ABREC project illustrations Solar power plant in Kpokissa (Benin) Primary school fully electrified by solar kit in Djemegni (Togo) Fully illuminated street by solar street lights in Dosso (Niger) 21

22 Headquarters project Thierno Bocar TALL, Chairman & CEO, Tel

The ECOWAS Bank EBID IN BRIEF.

The ECOWAS Bank EBID IN BRIEF. The ECOWAS Bank EBID IN BRIEF www.bidc-ebid.org BACKGROUND The ECOWAS Bank for Investment and Development (EBID) is the financial arm of the Economic Community of West African States (ECOWAS) comprising

More information

Africa Business Forum, Energy Industry Session

Africa Business Forum, Energy Industry Session African Development Bank Energy Financial Solutions, Policy & Regulation Africa Business Forum, Energy Industry Session May 3 rd, 2018 OUTLINE THE ENERGY SECTOR, A STRATEGIC PRIORITY FOR THE AFRICAN DEVELOPMENT

More information

EBID IN BRIEF. The ECOWAS Bank

EBID IN BRIEF. The ECOWAS Bank EBID IN BRIEF The ECOWAS Bank 2016 1 BACKGROUND EBID is an international financial institution established by the 15 Member States of the Economic Community of West African States (ECOWAS) comprising Benin,

More information

ECREE REGIONAL OFF GRID ELECTRIFICATION PROJECT - ROGEP

ECREE REGIONAL OFF GRID ELECTRIFICATION PROJECT - ROGEP ECREE REGIONAL OFF GRID ELECTRIFICATION PROJECT - ROGEP COMPONENT 2 - ACCESS TO FINANCE COMPONENT 1C RISK MITIGAITON FACILITY Funded by Festus William Amoyaw Finance and E&S Expert - ROGEP CAPITAL FLOWS

More information

African Financial Markets Initiative

African Financial Markets Initiative African Financial Markets Initiative African Domestic Bond Fund Feasibility Study Frankfurt, November 2011 This presentation is organised into four sections I. Introduction to the African Financial Markets

More information

A successful partnership between AfDB and GEF for CC mitigation activities in Africa

A successful partnership between AfDB and GEF for CC mitigation activities in Africa AfDB Public-Private Partnership Program A successful partnership between AfDB and GEF for CC mitigation activities in Africa Side Event at the 11th Technology Executive Committee in Bonn, Germany Mahamat

More information

AFRICA FINANCE CORPORATION ( AFC ) DEVELOPING AND FINANCING INFRASTRUCTURE ACROSS AFRICA

AFRICA FINANCE CORPORATION ( AFC ) DEVELOPING AND FINANCING INFRASTRUCTURE ACROSS AFRICA AFRICA FINANCE CORPORATION ( AFC ) DEVELOPING AND FINANCING INFRASTRUCTURE ACROSS AFRICA AFC Conceived to fill a critical infrastructure void in the Market Africa s share of global private infrastructure

More information

TERMS OF REFERENCE FOR THE RECRUITMENT OF A CONSULTANCY FIRM TO PREPARE THE CONDITIONS OF SERVICE AND TERMINAL BENEFITS OF THE PRESIDENT OF THE

TERMS OF REFERENCE FOR THE RECRUITMENT OF A CONSULTANCY FIRM TO PREPARE THE CONDITIONS OF SERVICE AND TERMINAL BENEFITS OF THE PRESIDENT OF THE TERMS OF REFERENCE FOR THE RECRUITMENT OF A CONSULTANCY FIRM TO PREPARE THE CONDITIONS OF SERVICE AND TERMINAL BENEFITS OF THE PRESIDENT OF THE ECOWAS BANK FOR INVESTMENT AND DEVELOPMENT (EBID) MARCH,

More information

Facts Behind the Figures

Facts Behind the Figures Ecobank Group Facts Behind the Figures Presentation to the Nigeria Stock Exchange 10 June, 2016 1 Forward looking statements This presentation includes forward-looking statements. These statements contain

More information

Introduction to MALI. BNP Paribas presence. Working with BNP Paribas. Currency. Summary. Currency. Bank accounts

Introduction to MALI. BNP Paribas presence. Working with BNP Paribas. Currency. Summary. Currency. Bank accounts Introduction to MALI Mali is a poor, predominantly desert country with a high dependency on gold and cotton exports. The agricultural sector accounts for 40% of GDP, and the economy is therefore highly

More information

FAQs The DFID Impact Fund (managed by CDC)

FAQs The DFID Impact Fund (managed by CDC) FAQs The DFID Impact Fund (managed by CDC) No. Design Question: General Questions 1 What type of support can the DFID Impact Fund provide to vehicles selected through the Request for Proposals ( RFP )?

More information

Africa: An Emerging World Region

Africa: An Emerging World Region World Affairs Topical Series Africa: An Emerging World Region (Table of Contents) July 18, 2018 TABLE OF CONTENTS Evolution of Africa Markets.. Early Phase... Maturation Phase... Stumbles Phase.... Population...

More information

Title of presentation

Title of presentation Title of presentation An Absa Capital Presentation - Financing Power in Africa Anand Naidoo - Head : Power & Energy, Absa Capital 1 Table of contents Electricity and the Economy World Capacity Requirements

More information

Redefining the Landscape of Payment Systems:

Redefining the Landscape of Payment Systems: Redefining the Landscape of Payment Systems: Challenges and Opportunities for the African Payments Landscape World Bank Global Payment Systems Conference 2009 Cape Town, South Africa, 7 April 2009 1 PRESENTATION

More information

Ecobank: Banking for the Bottom Billions. Kigali, March 15, 2012

Ecobank: Banking for the Bottom Billions. Kigali, March 15, 2012 Ecobank: Banking for the Bottom Billions Kigali, March 15, 2012 «WE DO NOT HAVE AN AFRICAN STRATEGY 2 AFRICA IS OUR STRATEGY» - Arnold Ekpe, Ecobank s Group CEO 3 Contents I Financially Excluded Bottom

More information

Gari s.a. Guarantee Fund for Private Investments in West Africa

Gari s.a. Guarantee Fund for Private Investments in West Africa Gari s.a. Guarantee Fund for Private Investments in West Africa Contents Introduction.4 Objectives 5 Services 5 Eligible companies...5 Beneficiary establishments..6 Guaranteed operations.6 Rules of interventions..6

More information

NEPAD-OECD AFRICA INVESTMENT INITIATIVE

NEPAD-OECD AFRICA INVESTMENT INITIATIVE NEPAD-OECD AFRICA INVESTMENT INITIATIVE 1 Presentation outline 1. CONTEXT 2. GOALS & DESIGN 3. ACTIVITIES & WORK METHODS 4. EXPECTED IMPACT 5. GOVERNANCE 2 1. CONTEXT Investment is a driver of economic

More information

REGIONAL MATTERS ARISING FROM REPORTS OF THE WHO INTERNAL AND EXTERNAL AUDITS. Information Document CONTENTS BACKGROUND

REGIONAL MATTERS ARISING FROM REPORTS OF THE WHO INTERNAL AND EXTERNAL AUDITS. Information Document CONTENTS BACKGROUND 2 June REGIONAL COMMITTEE FOR AFRICA ORIGINAL: ENGLISH Sixty-seventh session Victoria Falls, Republic of Zimbabwe, 28 August 1 September Provisional agenda item 19.9 REGIONAL MATTERS ARISING FROM REPORTS

More information

Investment Opportunities in the Energy Sector in Africa. African Development Bank. Japan August 2018

Investment Opportunities in the Energy Sector in Africa. African Development Bank. Japan August 2018 Investment Opportunities in the Energy Sector in Africa Japan August 2018 African Development Bank Power, Energy, Climate Change and Green Growth Complex WHY INVEST IN AFRICA? DIVERSIFICATION BENEFIT FROM

More information

Financial Development, Financial Inclusion, and Growth in Africa

Financial Development, Financial Inclusion, and Growth in Africa International Monetary Fund African Department Financial Development, Financial Inclusion, and Growth in Africa ECOWAS Regional Conference, Dakar, Senegal, Roger Nord Deputy Director African department

More information

Capital Markets Development. Frankfurt, Germany. 12 th April 2018

Capital Markets Development. Frankfurt, Germany. 12 th April 2018 Capital Markets Development Frankfurt, Germany. 12 th April 2018 The African Development Bank Transforming Africa since 1964 Our mission is to promote sustainable economic development and social progress

More information

The African Development Bank Group. Financial Products and Services. BOS Presentation. March 22, 2018

The African Development Bank Group. Financial Products and Services. BOS Presentation. March 22, 2018 The African Development Bank Group Financial Products and Services BOS Presentation March 22, 2018 OUTLINE OF THE PRESENTATION 1 2 3 The Bank Group Syndications, Co-financing and Client Solutions Department

More information

Improving the Investment Climate in Sub-Saharan Africa

Improving the Investment Climate in Sub-Saharan Africa REALIZING THE POTENTIAL FOR PROFITABLE INVESTMENT IN AFRICA High-Level Seminar organized by the IMF Institute and the Joint Africa Institute TUNIS,TUNISIA,FEBRUARY28 MARCH1,2006 Improving the Investment

More information

Innovative Financing for Energy Projects

Innovative Financing for Energy Projects Innovative Financing for Energy Projects ABOUT COFIDES The Spanish Financing Company for Development, COFIDES, S.A., S.M.E., is a state-owned company incorporated by: ICEX 25,74% ICO BBVA BANCO BANCO BANCO

More information

WAPP Project Implementation Strategy

WAPP Project Implementation Strategy WAPP Project Implementation Strategy WAPP Generation & Transmission Master Plan Its identified all the Generation and Transmission Projects required to develop and implement the power pool project; Provided

More information

SANLAM EMERGING MARKETS INVESTOR DAYS

SANLAM EMERGING MARKETS INVESTOR DAYS SANLAM EMERGING MARKETS INVESTOR DAYS 16 th & 17 th October 2018 Agenda Our Vision Our Pan-African opportunity The Saham rationale How we will deliver on the Pan-African opportunity The SEM business model

More information

Building Resilience in Fragile States: Experiences from Sub Saharan Africa. Mumtaz Hussain International Monetary Fund October 2017

Building Resilience in Fragile States: Experiences from Sub Saharan Africa. Mumtaz Hussain International Monetary Fund October 2017 Building Resilience in Fragile States: Experiences from Sub Saharan Africa Mumtaz Hussain International Monetary Fund October 2017 How Fragility has Changed since the 1990s? In early 1990s, 20 sub-saharan

More information

G20 Leaders Conclusions on Africa

G20 Leaders Conclusions on Africa G20 Leaders Conclusions on Africa 2008-2010 Zaria Shaw and Sarah Jane Vassallo G20 Research Group, August 8, 2011 Summary of Conclusions on Africa in G20 Leaders Documents Words % of Total Words Paragraphs

More information

Ecobank Transnational Inc

Ecobank Transnational Inc 11 March 2011 Ecobank Transnational Inc Email: research@securitiesafrica.com Tel: +27 11 895 0380 Sector/Country: Commercial Banking / Nigeria Stock Rating: Overweight Equity Market Cap : USD 1,452m Current

More information

CONTENTS. The Firm. Our Footprints. Key Highlights. Our Africa Focus. Our Africa Approach. Our Value Proposition. Case Studies.

CONTENTS. The Firm. Our Footprints. Key Highlights. Our Africa Focus. Our Africa Approach. Our Value Proposition. Case Studies. AFRICA GROUP CONTENTS The Firm Our Footprints Key Highlights Our Africa Focus Our Africa Approach Our Value Proposition Case Studies Awards & Rankings Key Contacts 1 The Firm Olaniwun Ajayi is one of the

More information

Fiscal Policy Responses in African Countries to the Global Financial Crisis

Fiscal Policy Responses in African Countries to the Global Financial Crisis Fiscal Policy Responses in African Countries to the Global Financial Crisis Sanjeev Gupta Deputy Director Fiscal Affairs Department International Monetary Fund Outline Global economic outlook Growth prospects

More information

Eversheds. Contents. Doing Business in Africa Avoiding legal pitfalls. 1. Presentation of Eversheds in Africa. 2. Doing Business in Africa

Eversheds. Contents. Doing Business in Africa Avoiding legal pitfalls. 1. Presentation of Eversheds in Africa. 2. Doing Business in Africa Eversheds Doing Business in Africa Avoiding legal pitfalls Boris Martor Partner Eversheds LLP borismartor@eversheds.com Geneva, Switzerland 16 April 2013 Contents 1. Presentation of Eversheds in Africa

More information

Ecobank Capital Renewable Energy and Carbon Credit Origination. November 2012

Ecobank Capital Renewable Energy and Carbon Credit Origination. November 2012 Renewable Energy and Carbon Credit Origination November Disclaimer This presentation has been prepared by Ecobank Capital for informational purposes only. Although the information contained in this presentation

More information

ECOWAS BANK FOR INVESTMENT AND DEVELOPMENT (EBID)

ECOWAS BANK FOR INVESTMENT AND DEVELOPMENT (EBID) ECOWAS BANK FOR INVESTMENT AND DEVELOPMENT (EBID) CONSOLIDATED FINANCIAL STATEMENTS 128 Boulevard du 13 Janvier BP : 2704 Lomé-TOGO Tél : (228) 22 21 68 64 Fax : (228) 22 21 86 84 Site web: www.bidc-ebid.org

More information

Ascoma, your insurance solutions in Africa

Ascoma, your insurance solutions in Africa , your insurance solutions in Africa Overview has been present in Africa as an insurance broker for over six decades. This long history allows us to deliver a tailored service throughout the continent,

More information

Enabling long term. finance in local currency. Enabling Long Term. Local Currency

Enabling long term. finance in local currency. Enabling Long Term. Local Currency Enabling long term Enabling Long Term Infrastructure infrastructure Finance in Local Currency finance in local currency Number of Projects Key facts and figures Capital of $280m at end 2014; $305m by end

More information

Dr. Gabriel MOUGANI Chief Regional Integration Coordinator West Africa Regional Development and Business Delivery Office (RDGW)

Dr. Gabriel MOUGANI Chief Regional Integration Coordinator West Africa Regional Development and Business Delivery Office (RDGW) Financing Development: Experiences from Africa, Asia and Latin America The African Development Bank s role and experiences in supporting regional payments systems programs & initiatives in Africa: key

More information

Living Conditions and Well-Being: Evidence from African Countries

Living Conditions and Well-Being: Evidence from African Countries Living Conditions and Well-Being: Evidence from African Countries ANDREW E. CLARK Paris School of Economics - CNRS Andrew.Clark@ens.fr CONCHITA D AMBROSIO Université du Luxembourg conchita.dambrosio@uni.lu

More information

HIPC HEAVILY INDEBTED POOR COUNTRIES INITIATIVE MDRI MULTILATERAL DEBT RELIEF INITIATIVE

HIPC HEAVILY INDEBTED POOR COUNTRIES INITIATIVE MDRI MULTILATERAL DEBT RELIEF INITIATIVE GOAL To ensure deep, broad and fast debt relief and thereby contribute toward growth, poverty reduction, and debt sustainability in the poorest, most heavily indebted countries. GOAL To provide additional

More information

Privacy is Paramount Personal Data Protection in Africa

Privacy is Paramount Personal Data Protection in Africa Privacy is Paramount Personal Data Protection in Africa 2 The importance of compliance with personal data protection legislation for business growth and international trade With the advancement of technological

More information

MDRI HIPC. heavily indebted poor countries initiative. To provide additional support to HIPCs to reach the MDGs.

MDRI HIPC. heavily indebted poor countries initiative. To provide additional support to HIPCs to reach the MDGs. Goal To ensure deep, broad and fast debt relief and thereby contribute toward growth, poverty reduction, and debt sustainability in the poorest, most heavily indebted countries. HIPC heavily indebted poor

More information

IUMI 2018 COMPULSORY CARGO INSURANCE LAW IN AFRICA: OPPORTUNITIES FOR LOCAL PARTNERSHIP. Sory Diomande Africa Re 18 September 2018

IUMI 2018 COMPULSORY CARGO INSURANCE LAW IN AFRICA: OPPORTUNITIES FOR LOCAL PARTNERSHIP. Sory Diomande Africa Re 18 September 2018 IUMI 2018 COMPULSORY CARGO INSURANCE LAW IN AFRICA: OPPORTUNITIES FOR LOCAL PARTNERSHIP Sory Diomande Africa Re 18 September 2018 CONTENT 1. OBJECTIVES OF THE PRESENTATION 2. COMPULSORY CARGO INSURANCE

More information

EU action in energy ElectriFI

EU action in energy ElectriFI EU action in energy ElectriFI Stimulating private sector investments for delivering results in the Decade of Sustainable Energy for All More than EUR 4 billion for the fight against energy poverty so far

More information

EU cooperation. Instruments and tools to support implementation of SE4All AA's and IP's

EU cooperation. Instruments and tools to support implementation of SE4All AA's and IP's EU cooperation Instruments and tools to support implementation of SE4All AA's and IP's Felice ZACCHEO, Deputy Head of Unit "Sustainable Energy and Climate Change" European Commission - Directorate General

More information

THE PRIVATE SECTOR ARM OF THE ISLAMIC DEVELOPMENT BANK GROUP

THE PRIVATE SECTOR ARM OF THE ISLAMIC DEVELOPMENT BANK GROUP THE PRIVATE SECTOR ARM OF THE ISLAMIC DEVELOPMENT BANK GROUP 3rd International Conference on Foreign Investment in Albania Islamic Corporation for the Development of the Private Sector (ICD) Member of

More information

GEF INVESTMENT IN LCDS: EXPERIENCE IN AFRICA AND LOOKING FORWARD

GEF INVESTMENT IN LCDS: EXPERIENCE IN AFRICA AND LOOKING FORWARD GEF INVESTMENT IN LCDS: EXPERIENCE IN AFRICA AND LOOKING FORWARD Dr. Ming Yang Senior Climate Change Specialist, Global Environment Facility Regional Meeting of the African Least Developed Countries on

More information

Subject: UNESCO Reformed Field Network in Africa

Subject: UNESCO Reformed Field Network in Africa The Director-General DG/note/14/2 3 January 2014 Original: English Deputy Director-General Assistant Directors-General Directors of Bureaux, Offices and Divisions at Headquarters Directors and Heads of

More information

Regulatory & Compliance: Data privacy: a global perspective on application and future regulation

Regulatory & Compliance: Data privacy: a global perspective on application and future regulation Regulatory & Compliance: Data privacy: a global perspective on application and future regulation Daniella Kafouris Associate Director Deloitte Risk Advisory Data Privacy in South Africa 2 2014 Deloitte

More information

Making Countries Competitive Beyond the roads and bridges

Making Countries Competitive Beyond the roads and bridges The Role of the Private Sector, Soft Infrastructure and Making Countries Competitive Beyond the roads and bridges Ms Patricia Francis Executive Director 2010 ECOWAS Aid for Trade Meeting World Bank s Prospects

More information

Incident Response. We ve had a privacy breach now what?

Incident Response. We ve had a privacy breach now what? Incident Response We ve had a privacy breach now what? The threat of information breaches is well known and much discussed. The classification of the breach as a privacy breach may very well introduce

More information

Perspectives on Global Development 2012 Social Cohesion in a Shifting World. OECD Development Centre

Perspectives on Global Development 2012 Social Cohesion in a Shifting World. OECD Development Centre Perspectives on Global Development 2012 Social Cohesion in a Shifting World OECD Development Centre Perspectives on Global Development Trilogy through the lens of Shifting Wealth: 1. Shifting Wealth 2.

More information

Sotiris A. Pagdadis, Ph.D.

Sotiris A. Pagdadis, Ph.D. www.pwc.com Leveraging PPPs for Airport Management and Development ACI 21 st African Region Annual Assembly, Conference and Exhibition: Overcoming the challenges of Airport development in Africa 28 August,

More information

9/22/2010. Growing outside South Africa Clive Tasker, Chief Executive: Standard Bank Africa. Strategy

9/22/2010. Growing outside South Africa Clive Tasker, Chief Executive: Standard Bank Africa. Strategy Standard d Bank Group Growing outside South Africa Clive Tasker, Chief Executive: Standard Bank Africa Strategy 1 What is our strategy? To build a leading emerging markets financial services organisation

More information

Ecobank reports US$312 million in profit before tax on Net revenue of US$1.1 billion for the six months ended 30 June 2015

Ecobank reports US$312 million in profit before tax on Net revenue of US$1.1 billion for the six months ended 30 June 2015 PRESS RELEASE Ecobank reports US$312 million in profit before tax on Net revenue of US$1.1 billion for the six months ended 30 June 2015 Lomé, 30 July 2015 Ecobank Transnational Inc. ("Ecobank" or the

More information

ECOBANK GROUP REPORTS PROFIT BEFORE TAX OF $205 MILLION ON REVENUE OF $2.1 BILLION FOR THE YEAR ENDED 31 DECEMBER 2015

ECOBANK GROUP REPORTS PROFIT BEFORE TAX OF $205 MILLION ON REVENUE OF $2.1 BILLION FOR THE YEAR ENDED 31 DECEMBER 2015 NEWS RELEASE ECOBANK GROUP REPORTS PROFIT BEFORE TAX OF $205 MILLION ON REVENUE OF $2.1 BILLION FOR THE YEAR ENDED 31 DECEMBER 2015 Lome, 13 April 2016 The Ecobank Group today reported profit before tax

More information

The Landscape of Microinsurance Africa The World Map of Microinsurance

The Landscape of Microinsurance Africa The World Map of Microinsurance Published by Study conducted by MICRO INSURANCE CENTRE Developing partnerships to insure the world s poor The Landscape of Microinsurance Africa 2015 Preliminary Briefing Note The World Map of Microinsurance

More information

Changing the Game for African Infrastructure. Africa50 Overview March 2017

Changing the Game for African Infrastructure. Africa50 Overview March 2017 Changing the Game for African Infrastructure Africa50 Overview March 2017 Africa50 s mission An innova(ve instrument for transforma(onal change in infrastructure development and financing in Africa 2 Strategic

More information

HIPC DEBT INITIATIVE FOR HEAVILY INDEBTED POOR COUNTRIES ELIGIBILITY GOAL

HIPC DEBT INITIATIVE FOR HEAVILY INDEBTED POOR COUNTRIES ELIGIBILITY GOAL GOAL To ensure deep, broad and fast debt relief with a strong link to poverty reduction. ELIGIBILITY IDA-Only & PRGF eligible Heavily indebted (i.e. NPV of debt above 150% of exports or above 250% of government

More information

TERMS OF REFERENCE FOR DRAFTING OF A BUSINESS CONTINUITY PLAN (BCP) FOR EBID

TERMS OF REFERENCE FOR DRAFTING OF A BUSINESS CONTINUITY PLAN (BCP) FOR EBID TERMS OF REFERENCE FOR DRAFTING OF A BUSINESS CONTINUITY PLAN (BCP) FOR EBID April 2018 1 I. BRIEF PRESENTATION OF EBID 1. The ECOWAS Bank for Investment and Development (EBID) is an international financial

More information

Innovative Approaches for Accelerating Connectivity in Africa. - One Stop Border Post (OSBP) development-

Innovative Approaches for Accelerating Connectivity in Africa. - One Stop Border Post (OSBP) development- High Level Side Event At the 1st TICAD V Ministerial Meeting Innovative Approaches for Accelerating Connectivity in Africa - One Stop Border Post (OSBP) development- Saturday, 3 May 2014 @Palais des Congres,

More information

CFAO at a glance. Presentation

CFAO at a glance. Presentation CFAO at a glance Presentation CFAO CFAO in bref 2012 Doing business in a continent on the move Distribution specialist in growth markets in Africa A trusted partner: CFAO relies on a portfolio of international

More information

GEOGRAPHICAL SITUATION OF THE West Africa Monetary Union (WAMU) ECONOMIC ENVIRONMENT AND INSTITUTIONAL FRAMEWORK

GEOGRAPHICAL SITUATION OF THE West Africa Monetary Union (WAMU) ECONOMIC ENVIRONMENT AND INSTITUTIONAL FRAMEWORK GEOGRAPHICAL SITUATION OF THE West Africa Monetary Union (WAMU) The WAMU is a monetary union that encompasses 8 countries from France s former colonies in West Africa. The current member states are: Benin,

More information

FINANCIAL INCLUSION IN AFRICA: THE ROLE OF INFORMALITY Leora Klapper and Dorothe Singer

FINANCIAL INCLUSION IN AFRICA: THE ROLE OF INFORMALITY Leora Klapper and Dorothe Singer FINANCIAL INCLUSION IN AFRICA: THE ROLE OF INFORMALITY Leora Klapper and Dorothe Singer OVERVIEW Global Findex: Goal to collect comparable cross-country data on financial inclusion by surveying individuals

More information

Challenges and opportunities of LDCs Graduation:

Challenges and opportunities of LDCs Graduation: Challenges and opportunities of LDCs Graduation: UNDP as a Strategic Partner in the Graduation Process Ayodele Odusola, PhD Chief Economist and Head Strategy and Analysis Team UNDP Regional Bureau for

More information

Investing in Zimbabwe: An investor s experience

Investing in Zimbabwe: An investor s experience Investing in Zimbabwe: An investor s experience By Dr. Philip Kamau Senior Director (Finance) Presented at: ICAZ Investors Conference Polokwane, South Africa, October, 2014 1 INTRODUCTION 1.1Afreximbank

More information

AFRICAN DEVELOPMENT FUND. Decentralization Progress Report (Background Paper #4)

AFRICAN DEVELOPMENT FUND. Decentralization Progress Report (Background Paper #4) AFRICAN DEVELOPMENT FUND Decentralization Progress Report (Background Paper #4) ADF-XI Replenishment Meeting 14 15 March 2007 Dar-es-salaam, Tanzania 1 1. BACKGROUND 1.1 By Resolutions adopted on 27 September

More information

African Risk Capacity (ARC) Risk Management In Agriculture

African Risk Capacity (ARC) Risk Management In Agriculture African Risk Capacity (ARC) Risk Management In Agriculture November 2016 Disaster Management Response ARC aims to provide cost-effective contingency funding to protect livelihoods and development gains

More information

w w w. k u w a i t - f u n d. o r g

w w w. k u w a i t - f u n d. o r g w w w. k u w a i t - f u n d. o r g Introduction A few months after gaining independence, the State of Kuwait established Kuwait Fund for Arab Economic Development on st December 96 to assist other

More information

Olam International Limited. Investment in Greenfield Sugar Refinery in Nigeria 3 December 2010 Singapore

Olam International Limited. Investment in Greenfield Sugar Refinery in Nigeria 3 December 2010 Singapore Olam International Limited Investment in Greenfield Sugar Refinery in Nigeria 3 December 2010 Singapore 1 1 Cautionary note on forward-looking statements This presentation may contain statements regarding

More information

GOLD STANDARD Market report 2018

GOLD STANDARD Market report 2018 market report 2018 GOLD STANDARD Market report 2018 April 2019 Prepared by Claire Willers Ema Cima 1 MARKET REPORT Table of Contents Executive Summary 3 Gold Standard Project Pipeline 4 Gold Standard Certified

More information

Report to the Board June 2017

Report to the Board June 2017 14-15 June 2017 SUBJECT: Agenda item: Category: CONSENT AGENDA: REVIEW OF COLD CHAIN EQUIPMENT OPTIMISATION PLATFORM 02f For Decision Section A: Introduction In June 2015 the Gavi Board approved the creation

More information

Overseas Private Investment Corporation

Overseas Private Investment Corporation Overseas Private Investment Corporation Financing and Insuring Investment in Emerging Markets John F. Moran Managing Director, Investment Development OPIC OECD LCCR Investment Policy Framework Paris, France

More information

Working Party on Export Credits and Credit Guarantees

Working Party on Export Credits and Credit Guarantees Unclassified TAD/ECG(2008)1 TAD/ECG(2008)1 Unclassified Organisation de Coopération et de Développement Economiques Organisation for Economic Co-operation and Development 11-Jan-2008 English - Or. English

More information

Building the most valuable pan-african reinsurance brand

Building the most valuable pan-african reinsurance brand Building the most valuable pan-african reinsurance brand Who we are We are the private sector champion of the pan-african reinsurance industry. With a history spanning more than 30 years, we have developed

More information

MDRI HIPC MULTILATERAL DEBT RELIEF INITIATIVE HEAVILY INDEBTED POOR COUNTRIES INITIATIVE GOAL GOAL

MDRI HIPC MULTILATERAL DEBT RELIEF INITIATIVE HEAVILY INDEBTED POOR COUNTRIES INITIATIVE GOAL GOAL GOAL To ensure deep, broad and fast debt relief and thereby contribute toward growth, poverty reduction, and debt sustainability in the poorest, most heavily indebted countries. HIPC HEAVILY INDEBTED POOR

More information

Apia ( SAMOA), April 2012

Apia ( SAMOA), April 2012 WORKSHOP TO FAMILIARIZE PARTIES WITH THE PROCESS AND THE REQUIREMENTS FOR THE ACCREDITATION OF NATIONAL IMPLEMENTING ENTITIES FOR DIRECT ACCESS UNDER THE ADAPTATION FUND FOR THE PACIFIC EXPERIENCE OF THE

More information

Public Private partnerships as a funding model a Discourse at AirRail Africa

Public Private partnerships as a funding model a Discourse at AirRail Africa Public Private partnerships as a funding model a Discourse at AirRail Africa 7 October 2016 Singapore United States South Africa China Russia Brazil Afganistan Niger Cote d'ivoire Guinea Guinea-Bissau

More information

PwC Tax Calendar 2016

PwC Tax Calendar 2016 www.pwc.com/ng PwC Tax Calendar 2016 The PwC experience Our brand The PwC brand is the major unifying force for our network across the world. A clear indication of the value and reputation of the global

More information

in Africa since the early 1990s.

in Africa since the early 1990s. Revenue Administration Reforms in Africa since the early 1990s..and Tax Administration Benchmarking David Kloeden IMF Fiscal Affairs Department Francophone & Anglophone Sub-Saharan Africa with apologies

More information

Increasing aid and its effectiveness in West and Central Africa

Increasing aid and its effectiveness in West and Central Africa Briefing Paper Strengthening Social Protection for Children inequality reduction of poverty social protection February 29 reaching the MDGs strategy security social exclusion Social Policies social protection

More information

Electricity utility reforms in Sub Saharan Africa

Electricity utility reforms in Sub Saharan Africa Electricity utility reforms in Sub Saharan Africa APUA Leadership Workshop on Governance and Losses Reduction in African Power Utilities Abidjan Cote d Ivoire 09 10 Novembre 2017 Yves Muyange, Principal

More information

PARIS CLUB RECENT ACTIVITY

PARIS CLUB RECENT ACTIVITY PARIS CLUB RECENT ACTIVITY 1/13 OUTLINE 1. Quick review of Paris Club recent activity 2. Prepayment by Russia of its Paris Club debt 2/13 Key events in June 2006-May 2007 1. Implementation of the HIPC

More information

Financing renewable energy: Options for developing financing instruments using SREP and other public funds. CIF Partnership Forum

Financing renewable energy: Options for developing financing instruments using SREP and other public funds. CIF Partnership Forum Financing renewable energy: Options for developing financing instruments using SREP and other public funds Scaling up Renewable Energy Program (SREP) of the Climate Investment Funds CIF Partnership Forum

More information

Financial Market Liberalization and Its Impact in Sub Saharan Africa

Financial Market Liberalization and Its Impact in Sub Saharan Africa Financial Market Liberalization and Its Impact in Sub Saharan Africa Hamid Rashid, Ph.D. Senior Adviser for Macroeconomic Policy UN Department of Economic and Social Affairs, New York This does not represent

More information

AVENG CAPITAL PARTNERS Investor conference 19 & 20 October 2015

AVENG CAPITAL PARTNERS Investor conference 19 & 20 October 2015 AVENG CAPITAL PARTNERS Investor conference 19 & 20 October 2015 AGENDA OVERVIEW PORTFOLIO PORTFOLIO VALUATION MARKET UPDATE STRATEGY VALUE PROPOSITION Q & A 2 3 OVERVIEW OVERVIEW Background to Aveng Capital

More information

The role of subsidized health in promoting access to affordable quality health care: the case of Kwara State community health insurance (Nigeria)

The role of subsidized health in promoting access to affordable quality health care: the case of Kwara State community health insurance (Nigeria) The role of subsidized health in promoting access to affordable quality health care: the case of Kwara State community health insurance (Nigeria) 1 Overview Presentation 1. Facts on health in Africa &

More information

GPEI Financing

GPEI Financing GPEI Financing 2013-18 funding, gap & flexibility 2013 budget vs. spend (WHO) cashflow 2014 what is/isn't included in FRRs? status of pledges 1 GPEI Funding Gap Funding Gap USD millions 2013-2018 Feb 2013

More information

Paying Taxes 2019 Global and Regional Findings: AFRICA

Paying Taxes 2019 Global and Regional Findings: AFRICA World Bank Group: Indira Chand Phone: +1 202 458 0434 E-mail: ichand@worldbank.org PwC: Sharon O Connor Tel:+1 646 471 2326 E-mail: sharon.m.oconnor@pwc.com Fact sheet Paying Taxes 2019 Global and Regional

More information

Contrasting the appetite to divest towers within 23 leading African and Middle Eastern MNOs

Contrasting the appetite to divest towers within 23 leading African and Middle Eastern MNOs Contrasting the appetite to divest towers within 23 leading African and Middle Eastern MNOs Operator Africell DRC, Gambia, Sierra Leone More likely a colocating tenant than an anchor tenant. One of Africa

More information

Managing Geopolitical Risk

Managing Geopolitical Risk Managing Geopolitical Risk Bunmi Lawson, MD/CEO Accion, Nigeria Milena Loayza, Manager Financial Sector BIO, Belgium Nejira Nalić, Director Mi-Bospo, Bosnia Herzegovina Alexander Remy, Equity Investment

More information

UNCTAD s Seventh Debt Management Conference. Capacity Building Needs: Response from the World Bank. Ms. Gallina A. Vincelette

UNCTAD s Seventh Debt Management Conference. Capacity Building Needs: Response from the World Bank. Ms. Gallina A. Vincelette UNCTAD s Seventh Debt Management Conference 9-11 November 2009 Capacity Building Needs: Response from the World Bank by Ms. Gallina A. Vincelette Senior Economist Economic Policy and Debt Department The

More information

WCO - Sub-Saharan Africa Customs Modernization Programme

WCO - Sub-Saharan Africa Customs Modernization Programme WCO - Sub-Saharan Africa Customs Modernization Programme Volume I, Issue II 14 2015 Highlights WCO-EAC- CREATe W C O - W A C A M WCO Headquarters Inside this issue: WCO-EAC CREATe WCO-SACU Connect WCO-WACAM

More information

Domestic Resource Mobilization in Africa

Domestic Resource Mobilization in Africa Domestic Resource Mobilization in Africa Yiagadeesen (Teddy) Samy Associate Professor Norman Paterson School of International Affairs and Institute of African Studies Carleton University March 12, 2015

More information

30% DEPOSIT BONUS FOR OUR TRADERS IN AFRICA PROMOTION. Terms and Conditions

30% DEPOSIT BONUS FOR OUR TRADERS IN AFRICA PROMOTION. Terms and Conditions 30% DEPOSIT BONUS FOR OUR TRADERS IN AFRICA PROMOTION Terms and Conditions INTRODUCTION FXTM 1 is running the 30% Deposit Bonus for Our Traders in Africa Promotion (hereinafter referred to as the Promotion

More information

Part One Introduction

Part One Introduction Part One Introduction 1. Background The International Comparison Program (ICP) is a global statistical initiative set up on the recommendation of the United Nations Statistical Commission to enable international

More information

Let s look at the life cycle of a gold project from discovery to closure

Let s look at the life cycle of a gold project from discovery to closure Risks and rewards of gold mining i in Africa Indaba 2011 Let s look at the life cycle of a gold project from discovery to closure Production value Discovery Feasibility Capital Recoupment Reinvestment

More information

Established in July 1989, extended, current closing date July 31, 2017.

Established in July 1989, extended, current closing date July 31, 2017. DEBT REDUCTION FACILITY (DRF) and external commercial debt buyback operations Annual Meeting of Multilateral Development Banks on Debt Issues Washington, DC - July 10-11, 2012 THE WORLD BANK Plan 1. DRF

More information

Tove Strauss. Research Associate Overseas Development Institute. 203 Blackfriars Road, London, SE1 8NJ, UK

Tove Strauss. Research Associate Overseas Development Institute. 203 Blackfriars Road, London, SE1 8NJ, UK Tove Strauss Research Associate Overseas Development Institute 203 Blackfriars Road, London, SE1 8NJ, UK Tel: t.strauss@odi.org.uk Fax: Nationality: Swedish KEY EXPERIENCE Country Experience: Liberia,

More information

WEST AFRICA: ECONOMIC OVERVIEW BY PROFESSOR AKPAN H. EKPO

WEST AFRICA: ECONOMIC OVERVIEW BY PROFESSOR AKPAN H. EKPO WEST AFRICA: ECONOMIC OVERVIEW BY PROFESSOR AKPAN H. EKPO Presented at the SWIFT BUSINESS FORUM WEST AFRICA 2016, EKO HOTEL, LAGOS, NOVEMBER 8, 2016. Professor of Economics and Director General, West African

More information

Debt Management: The Alphabet Soup

Debt Management: The Alphabet Soup Debt Management: The Alphabet Soup DSF MTDS DeMPA Leonardo Hernández Economic Policy and Debt Department The World Bank Outline I. Why is Debt Management Important? II. III. IV. The Debt Management Facility

More information