Francophonie business forum opens in Ouagadougou

Ouagadougou- Burkina Faso (PANA) -- International Organisation of the Francophonie (IOF) secretary general Abdou Diouf called Thursday for the cancellation of Africa's debt and the launch of a Marshall Plan to bolster development on the continent.
In a video address to 300 businesspersons at the start here of the 9th Francophonie business forum, Diouf deplored declines in public development aid, direct private investments and worsening terms of trade.
The former Senegalese president urged business people in French- speaking countries to examine problems hindering investments in Africa so as to find solution to enable the Francophonie to become a leader in sustainable development.
The two-day business forum is discussing how to promote investments within the West African Economic and Monetary Union (UEMOA) and the Central African Economic and Monetary Community (CEMAC).
Participants are examining investment constraints in French- speaking countries.
Opening the forum, Burkinabe Foreign minister Youssouf Ouedraogo said UEMOA and CEMAC were two economic dynamic sub-regions with a vast market in which the integration process was irreversible.
Apart from reviewing the legal and juridical business environment in Francophone Africa, the business actors will also focus on the gender aspect within the African Francophone business community.
The private Francophone investors will also attend a special workshop devoted to business opportunities in Burkina Faso.

03 march 2005 19:28:00




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