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Posted on November 12, 2008 - by James

USAID, Standard Chartered partner on economic growth in Africa

The U.S. Agency for International Development (USAID) and Standard Chartered Bank today announced today that they have signed a Memorandum of Understanding (“MOU”) designed to support the increased availability of financial services in sub-Saharan Africa and to encourage sustainable economic growth there.  The goals of the parties under the MOU are to:

  • promote the development of the financial sector, increase trade, and encourage local financial institutions and enterprises in sub-Saharan Africa.
  • execute partial credit guarantees that focus on sectors that further economic growth, including microfinance institutions, micro- and other local enterprises, agribusiness entities and project and infrastructure-based transactions.
  • provide technical assistance to financial institutions in Africa and co-host seminars, workshops and conferences for African enterprises.
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This entry was posted on Wednesday, November 12th, 2008 at 6:40 pm and is filed under Featured. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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