Monrovia, Liberia – Dr. George Agyekum Donkor, the Honorary President of the Global Network of Export-Import Banks and Development Finance Institutions (G-NEXID), has issued a call to action for DFIs and Exim banks to assist trade diversification and infrastructure development.
Strategic investments in important industries can create robust economies that can survive shocks from around the world, Dr. Donkor claimed. In order to improve regional value chains and establish a more balanced global economy, he called for increased collaborations with emerging nations.
Quoting Nelson Mandela, “If you want to go fast, go alone. If you want to go far, go together.” The President challenged the network on the importance of collaborative efforts in achieving sustainable development.
At the 19th Annual General Assembly of G-NEXID, which was held in Geneva, Switzerland from July 30 to July 31, 2024, Dr. Donkor made this call during the opening ceremony.
The President expressed concern that intra-regional trade within the Global South, which makes up only 16% of total trade, is still insufficient to meet the expanding demands of population groups during his speech on the theme of “Building Bridges, Breaking Barriers – Fostering South-South Cooperation for Equitable Growth.” In this way, he brought attention to how urgently more integration and collaboration are needed.
The G-NEXID’s 19th Annual General Assembly assessed the previous year’s operations and set new goals for the following one.
High-profile individuals attended the meeting’s opening session, including members of the permanent diplomatic corps, experts from the World Trade Organization (WTO) and South Center, and important G-NEXID participants like the Development Bank of Central African States, the Nigerian Exim-Import Bank (NEXIM), Afreximbank, Saudi Exim Bank, Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), Ghana Exim-Import Bank, Indonesia Exim Bank, Ghana Development Bank (DBG), Ghana Exim-Import Bank, Indonesia Exim Bank, Ghana Exim-Import Bank, Ghana Development Bank, Ghana Development Bank, the Development Bank of Central African States, and the Industrial Development Corporation of Zimbabwe Limited (IDCZ).
