Afdb advocates unlocking of 1 8tn aum for investment
It seems like you're referring to a recent news article or press release from the African Development Bank (AfDB).
According to the article, the AfDB is advocating for the unlocking of $1.8 trillion in assets under management (AUM) for investment in Africa. This is a significant amount, equivalent to about 10% of the global AUM.
The AfDB is urging governments, regulatory bodies, and financial institutions to take steps to increase access to capital and reduce barriers to investment in Africa. This includes improving the business environment, enhancing financial inclusion, and promoting sustainable infrastructure development.
The bank believes that unlocking this $1.8 trillion in AUM could have a transformative impact on Africa's economic development, creating jobs, stimulating economic growth, and reducing poverty.
Some of the key areas where the AfDB is advocating for increased investment include:
- Infrastructure development: Investing in roads, bridges, ports, and other critical infrastructure to improve connectivity and facilitate trade.
- Renewable energy: Promoting the development of renewable energy sources, such as solar and wind power, to reduce Africa's reliance on fossil fuels and mitigate climate change.
- Agriculture: Investing in agriculture to improve food security, increase agricultural productivity, and promote rural development.
- Financial inclusion: Increasing access to financial services, such as banking and insurance, to reduce poverty and promote economic inclusion.
Overall, the AfDB's call to unlock $1.8 trillion in AUM is an important step towards promoting sustainable economic development in Africa and achieving the United Nations' Sustainable Development Goals (SDGs).