Yuriko Backes

How do reserve management practices impact the economic stability of #FrancophoneAfrica? Join Pr Kelly M Kingsley on July 31 to explore this critical issue and discover insights on enhancing resilience and autonomy. 📅July 31, 2024 🕒3 pm (GMT 1) 📍 Zoom Register: https://lnkd.in/eYKRu4ze #CFAFranc #EconomicPolicy #FrancophoneAfrica

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Cypriot banks are well-capitalised and have shown a remarkable reduction in non-performing loans (NPLs), stated Claudia Buch, the new Chair of the Single Supervisory Mechanism (SSM). #Cyprus #business #economy #banking

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If we’re serious about integrating EU financial services, Member States need to show ambition on the measures that will make it happen. Today I was in Luxembourg for #ECOFIN, meeting with EU finance ministers. I noted my regret about the positions taken by Member States on Banking Union, the Retail Investment Strategy, and supervisory data sharing. On each of these files, we need to keep the ambition high because they are crucial for the Banking Union, the Capital Markets Union and the goal of reducing administrative burden. With the political momentum behind EU financial integration, Banking Union and #CapitalMarketsUnion, we also need political commitment on progressing the individual measures that will turn our goals into reality. The status quo will not deliver. 🗞️ My remarks: https://europa.eu/!FJHxtK

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𝗗𝗲𝗰𝗼𝗱𝗶𝗻𝗴 𝗦𝗼𝘂𝘁𝗵 𝗔𝗳𝗿𝗶𝗰𝗮'𝘀 𝗖𝗶𝘁𝗶𝘇𝗲𝗻 𝗖𝗼𝗻𝗰𝗲𝗿𝗻𝘀 𝗮𝗻𝗱 𝗩𝗼𝘁𝗲𝗿 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀: 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗼𝗿 𝗮 𝗨𝗻𝗶𝗳𝗶𝗲𝗱 𝗙𝘂𝘁𝘂𝗿𝗲 In the wake of South Africa’s 2024 elections, understanding citizen concerns remains pivotal for the newly formed Government of National Unity. Unemployment stands as the top concern, reaching 32.9% in early 2024, with youth unemployment potentially being as high as 61%. Factors like historical inequalities, economic stagnation, and recent crises exacerbate these challenges. Meanwhile, public dissatisfaction with service delivery and governance persists, shaping voter behavior and political outcomes. Recent research delves into voter emotions and values, revealing that decisions are shaped not just by data, but by complex emotional landscapes. Mapping these emotional patterns provides predictive insights into political affiliations and consumer behaviors, crucial for businesses and political strategists alike. As South Africa navigates this critical juncture, leveraging these insights could pave the way for responsive governance and economic rejuvenation. Read more ......... https://lnkd.in/drsj9cG5 Bizcommunity.com HSRC (Human Sciences Research Council) South African Government IEC (Electoral Commission of South Africa) Statistics South Africa #SouthAfricaElections #CitizenConcerns #VoterDynamics

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The Board of Directors of the African Development Bank Group approved the mid-term review of the Country Strategy Paper (CSP) 2022-26 for Rwanda in Abidjan on 21 May 2024. The progress during the first half of the implementation period has been significant. The CSP for Rwanda was approved by the Boards of Directors of the African Development Bank and the African Development Fund – the Bank Group’s concessional funding window – in November 2021, focused on two priority areas. The first is strengthening physical infrastructure to increase productive resources and reduce the cost of doing business, and the second is developing skills and financial capacity to boost the private sector and drive growth based on productivity. In the first priority area, 66% of the transport sector indicators have been achieved and have contributed to reducing travel time from over three hours to less than one, improving access to markets and commercial opportunities, and reducing the cost of doing business. Around 50% of the targets have been met in the energy sector, including national access to electricity, which rose from 40.5% in 2017 to nearly 75% in December 2023. An additional 375,543 households and 2,306 connections for schools, healthcare facilities, small businesses, and national offices have benefited from grid and off-grid power connections, improving livelihoods. Similarly, around 50% of the water sector results indicators have been achieved by connecting 1.5 million more people to drinking water, improving their quality of life as a result. All of the results indicators in the second priority area have been achieved. A total of 120 targeted specialist graduates were employed within a year of graduating and 100 sustainable digital businesses have been created by young people, helping increase revenues in the beneficiary population.

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