The minister made the call at a discussion in Cairo, Egypt, on ‘regional value chains and their importance in increasing trade and investment flow between Arab and African countries’, she shed some light on the importance of deepening African financial markets to promote growth and investment.She said: “A lot of resources are required before African countries can accelerate their industrialisation and structural changes. Infrastructure which is a pillar of growth is inadequate in Africa.
Mrs Ahmed also said that there is need to reorganise the banking system through opening the sector to competition, reviewing prudential ratios and putting in place innovative savings and borrowing instruments adapted to local needs.
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