• Short Summary

    Fourteen members of the Association of African central Banks ended a twelve-day seminar on the effects of international inflation on Africa in Addis Ababa, the capital of Ethiopia, on Friday (16 August).

  • Description

    Fourteen members of the Association of African central Banks ended a twelve-day seminar on the effects of international inflation on Africa in Addis Ababa, the capital of Ethiopia, on Friday (16 August). The meeting, attended by delegates from Mali, Sierra Leone, Zaire, Ghana, Ethiopia, Sudan, Tanzania, the Malagasy Republic, Malawi, Nigeria and Tunisia, also discussed the origins of inflation within Africa and how to contain it.

    SYNOPSIS: The Association of African Central Banks ended a twelve-day seminar in Addis Ababa, Ethiopia, on Friday. The twenty-five officials from fourteen member states, chaired by Mr. Toure from Mali, discussed two main points -- firstly, the effects of international inflation on Africa, and secondly, the origins of inflation within Africa itself, and how to contain it.

    Earlier in the day the meeting had been addressed by Mr. Robert Gardiner, Executive Secretary of the United Nation Economic Commission for Africa. He explained that the world economic situation, which affected Africa, comprised three serious problems. The first was inflation, which had to be treated carefully in case it caused widespread unemployment. The second was the financial situation of developed nations, who were once in credit. Now they were in deficit, mainly due to high oil price increases. Thirdly, the developing nations of the third world were facing a financial slump which affected the whole world.

  • Tags

  • Data

    Film ID:
    VLVABC10K054CCZYPDNUUXPPTI30K
    Media URN:
    VLVABC10K054CCZYPDNUUXPPTI30K
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    18/08/1974
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:08:00
    Time in/Out:
    /
    Canister:
    N/A

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