Africa 'must up corruption fight'
Africa needs to
"go on the offensive" and show the political will to defeat corruption,
the head of the African Development Bank has said.
Donald Kaberuka, the bank's president, said such a renewed effort was vital
to boost economies and to encourage more investment from overseas. He made his
comments on the sidelines of a business conference in Rwanda. Rwanda's former
finance minister, he is credited with leading the rebuilding of its economy
since the 1994 genocide.
Opportunity reduced
Mr Kaberuka has been president of the African Development Bank
(ADB) for eight months. "Corruption damages economically, reduces the opportunities
for economic expansion and it delays the day investors can have greater confidence
in Africa," he told the Reuters news agency.
Mr Kaberuka has called for the ADB to be at the centre of development issues
on the continent, alongside the African Union's New Partnership for Africa's
Development. "We have embarked on increasing the quality of our operations,
to ensure that the development outcomes are effective and that they are actually
delivered on the ground," he said.
Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/2/hi/business/5019266.stm
Published: 2006/05/26 09:29:52 GMT
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