In the context of the 17th Annual General Assembly, held online on 6-7 December 2022, the intra-G-NEXID dialogue on ‘Reinforcing collaboration in a multi-crises context” addressed the following questions:
- What are the main challenges that developing countries face regarding the multiplicity of crises?
- How your institutions have been helping to cope with these multiple crises (initiatives, strategies, partnerships, etc)?
- In the framework of G-NEXID, what would you recommend for reinforcing collaboration amongst members in the state of multiple crises?
In the deliberations that followed, against the main challenges (recession, high inflation, certification of products, digital transformation, access to fertilizers and food security) facing developing countries crisis considering multiplicity of crisis (ranging from the COVID-19 pandemic and its socio-economic implications to the effects of the war in Ukraine, including on energy and food security, and the impacts of climate change), DFIs have a key role to play.
Specific initiatives such as Afreximbank’s Pandemic Trade Impact Mitigation Facility (PATIMFA) and Ukraine Crisis Adjustment Trade Financing Programme for Africa (UKAFPA), and key financing facilities (including moratorium of payments and interest rate reduction and grants) were highlighted.
Taking the example of other associations of Public Development Banks (such as Asian Exim Bank Forum), the participants highlighted the benefits of experience sharing and business opportunities.
The detailed report is presented in the Yearbook for 2022.