Realizing the Potential for Profitable Investment in Africa
Tunis, Tunisia, February 28 – March 1, 2006
Sound macroeconomic policies, particularly fiscal discipline and private ownership, are necessary but not sufficient conditions for strong economic performance. Since most African countries have made significant progress towards macroeconomic stabilization and privatization, promoting the profitability of investments becomes particularly important.
Over the years, African policy makers have become aware of the need to reform and the types of reforms that are required to promote investments, but they still face difficulties in the implementation of such reforms under specific local conditions.
The seminar will allow participants to share their practical experiences in the promotion of investments. This will provide an opportunity to debate practical solutions for overcoming key obstacles that stymie the profitability of investments.
Targeted participants include high-level officials from governments (e.g., ministries of economy, planning, and development; revenue authorities; investment promotion agencies) and central banks. The seminar will involve contributions by experts from official agencies in Africa, international financial institutions, the private sector, and academia.
The seminar is being organized by the IMF Institute under the auspices of the Joint Africa Institute. Attendance is by invitation only. Queries regarding the seminar may be addressed to insinfo@imf.org.
Disclaimer |
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This website contains papers and web links to papers/presentations that will be considered at the high-level seminar Realizing the Potential for Profitable Investment in Africa. The views expressed in these papers are those of the authors only, and the presence of them, or of links to them, on the IMF website does not imply that the IMF, its Executive Board, or its management endorses or shares the views expressed in the papers. |
Provisional Program
Tuesday, February 28 | |
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8:15–9:00 am | Registration |
9:00–9:15 am | Welcoming Remarks |
Karin Millett, Director, Joint Africa Institute | |
Leslie Lipschitz, Director, IMF Institute | |
Khelil Ladjimi, Secretary of State in charge of International Cooperation, Tunisia | |
9:15–10:45 am | Session I: Overview |
Chair: Peter Isard, Senior Advisor, IMF Institute | |
General Perspectives on Obstacles to Investment in Africa Peter Montiel, Professor of Economics, Williams College |
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Perspectives from Investment Climate Surveys and Doing Business Data Vincent Palmade, Lead Economist, FIAS, World Bank Group |
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General Discussion | |
10:45–11:00 am | Coffee Break |
11:00–12:30 pm | Session II. Perspectives from the Experiences of African Private Investors |
Chair: Henock Kiflé, Chief of Staff and Director of the President’s Office, African Development Bank | |
Presentations
Moeletsi Mbeki, Deputy Chairman of South African Institute of International Affairs |
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Mthuli Ncube, Professor of Finance, Wits Business School; former Chairman of the Barbican group and the Zimbabwe International Trade Fair company | |
General Discussion | |
12:30–2:00 pm | Lunch Break |
2:00–3:30 pm | Session III. Strategies for Promoting Access to Finance |
Chair: Karin Millett, Director, Joint Africa Institute | |
Issues Paper Ernest Aryeetey, Director of the Institute of Statistical, Social, and Economic Research and Professor of Economics, University of Ghana |
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Case Study on Equity Finance Jo' Schwenke, Managing Director, Business Partners Ltd. |
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General Discussion | |
3:30–3:45 pm | Coffee Break |
3:45–5:15 pm | Session IV. Strategies for Improving the Incentive Structure of Tax Systems |
Chair: Peter Isard, Senior Advisor, IMF Institute | |
Issues Paper
Jean-François Ruhashyankiko, Economist, IMF Institute |
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Case Study on Tax Incentives
Andrew Masters, Manager, Legislative Research, South African Revenue Service |
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General Discussion | |
7:00 pm | Dinner |
Speaker: Goodall Gondwe, Minister of Finance, Malawi | |
Wednesday, March 1 | |
9:00–10:30 am | Session V. Strategies for Improving Infrastructure |
Chair: Gilbert Mbesherubusa, Assistant Director of Infrastructure, African Development Bank | |
Issues Paper
Antonio Estache, Senior Advisor, Infrastructure, World Bank |
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Case Study on Energy Infrastructure Férid Nandjee, Managing Director, Azito Énergie |
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General Discussion | |
10:30–10:45 am | Coffee Break |
10:45–12:15 pm | Session VI. Private Sector Involvement in Infrastructure |
Chair: Roger Gaillard, Manager, Infrastructure and Public-Private Partnerships, African Development Bank | |
Public Private Partnerships
Richard Hemming, Senior Advisor, IMF Fiscal Affairs Department |
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Public Risk in Private Infrastructure
Timothy Irwin, Senior Economist, Infrastructure Economics and Finance, World Bank |
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General Discussion | |
12:15–1:45 pm | Lunch |
Speaker: Donald Kaberuka, President, African Development Bank | |
1:45–3:45 pm | Session VII. Concluding Roundtable |
Chair: Leslie Lipschitz, Director, IMF Institute | |
Luciano Borin, Director, Private Sector Development, African Development Bank | |
Maggie Kigozi, Executive Director, Uganda Investment Authority | |
Mthuli Ncube, Professor of Finance, Wits Business School | |
Vincent Palmade, Lead Economist, FIAS, World Bank Group | |
General Discussion |