Africa: Bank Group President Ould Tah Tackles Financial Reform in Weeklong Push for Development

AI Summary
Sidi Ould Tah, President of the Bank Group, held a series of meetings with African financial leaders from October 23 to 24 at the Bank Group headquarters in Abidjan. On Monday, he met with Côte d'Ivoire's National Social Security Fund Director General to discuss collaboration and investment opportunities. Tuesday's meeting included leaders of Africa’s sovereign wealth institutions, focusing on establishing an African Sovereign Borrowing Platform for major development projects. The discussions emphasized improving data quality, developing risk-pooling instruments, and enhancing market access while reducing borrowing costs. These meetings align with Ould Tah's "Four Cardinal Points" strategy aimed at fostering financial autonomy and mobilizing domestic capital to support Africa’s socioeconomic growth.
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