South Africa's Debt Management Centre Malta Business Weekly

The Organisation for Economic Cooperation and Development (OECD) and the government of South Africa have jointly opened a debt management centre in the appropriately named town of Midrand in South Africa.

The centre aims to improve the continent’s ability to manage its debt and support the development of best practice to foster a more robust securities market.

It will do this, in the words of OECD Secretary-General Angel Gurría, through training and research; the idea being to promote public debt reduction and the development of more sustainable financial products including mortgages, micro-credit and financing for small and medium-sized firms.

The 2010 annual report of the African Development Bank, a bank established in 1964 to promote sustainable economic growth in Africa is urging a more targeted approach in lending practices, the establishment of social safety nets and yet more reform, transparency and democracy.

The recent political upheavals in Tunisia,

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