The Kingdom of Lesotho held the CEO Forum of African Development Finance Institutions, under the theme “Resilient Development Finance Institutions, Stronger Economies in Governance, Standards, Regulation and Development Impact.
The three-day forum aimed to bring under one roof the leaders of the development finance institutions who are committed to advancing the economic transformation of the African continent.
This is a timely and important theme to tackle for the African Development Finance Institutions to reflect on the question of resilience
Lesotho National Development Centre CEO Thabo Khasipe says, “For Africa, these developments … the cost of capital is prohibitively high.”
But expert Rab Arshad says trillions of dollars are mostly sitting idle and disconnected from the real productive economy.
Arshad further says the current challenge is not the mobilisation of capital, but rather that of minds in ensuring that policymakers, regulators, the financing industry and the industry understand the benefits of appreciating what is happening in the future rather than the past.
As a sign of further strengthening cooperation, the Lesotho National Development Centre and the Industrial Development of South Africa signed a Memorandum of Understanding between the two institutions aiming to collaborate on mega projects of mutual interest, among others.