Friday, June 10, 2011

UN calls for African trade diversification


By Daniel Gumm - Vanguard
African countries should develop closer ties with both traditional and emerging partners, to boost sustainable and inclusive growth, according to a United Nations-backed report released Tuesday.
The report, African Economic Outlook 2011, said that “Africa is becoming more integrated in the world economy and its partnerships are diversifying, revealing unprecedented economic opportunities.”
The report, co-authored by the UN Development Programme (UNDP), the African Development Bank (AfDB), the Organisation for Economic Cooperation and Development (OECD), and the UN Economic Commission for Africa (UNECA), also said that governments’ efforts need to include measures to create jobs, invest in basic social services and promote gender equality.

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