Fourteen members of the Association of African central Banks ended a twelve-day seminar on the effects of international inflation on Africa in Addis Ababa, the capital of Ethiopia, on Friday (16 August).
GV EXTERIOR Africa Hall
SV INTERIOR ZOOM OUT FROM Chairman Toure TO delegates seated at tables
SV Delegates from Sierra Leone and Sudan
SV Delegates from Ghana and Ethiopia
SV Zalirian delegates
LV Delegates seated
SV Delegates from Tanzania
SV Delegates from Malagasy Republic and Malawi
SV Delegates from Nigeria
SV Delegate from Tunisia
CU ZOOM OUT Malian delegates
SV Delegates seated (2 shots)
CU Chairman Toure
GV Delegates seated
Initials BB/1937 WLW/MR/BB/1954
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Background: Fourteen members of the Association of African central Banks ended a twelve-day seminar on the effects of international inflation on Africa in Addis Ababa, the capital of Ethiopia, on Friday (16 August). The meeting, attended by delegates from Mali, Sierra Leone, Zaire, Ghana, Ethiopia, Sudan, Tanzania, the Malagasy Republic, Malawi, Nigeria and Tunisia, also discussed the origins of inflation within Africa and how to contain it.
SYNOPSIS: The Association of African Central Banks ended a twelve-day seminar in Addis Ababa, Ethiopia, on Friday. The twenty-five officials from fourteen member states, chaired by Mr. Toure from Mali, discussed two main points -- firstly, the effects of international inflation on Africa, and secondly, the origins of inflation within Africa itself, and how to contain it.
Earlier in the day the meeting had been addressed by Mr. Robert Gardiner, Executive Secretary of the United Nation Economic Commission for Africa. He explained that the world economic situation, which affected Africa, comprised three serious problems. The first was inflation, which had to be treated carefully in case it caused widespread unemployment. The second was the financial situation of developed nations, who were once in credit. Now they were in deficit, mainly due to high oil price increases. Thirdly, the developing nations of the third world were facing a financial slump which affected the whole world.