Recognising the existing challenges to bond market development on the continent, the AFMI will engage with stakeholders: 1/ to create multi-disciplinary working groups, and 2/ to work in close cooperation and coordination with other development partners.
The AFMI, launched in 2008, is a Bank initiative to build well-functioning domestic bond markets for the efficient mobilization and allocation of long-term finance, to enhance economic growth.
works to deepen the continent's local currency bond markets and also strives to create an environment where African countries can access financing at variable terms.
By providing transparent and credible benchmark indices, the AFMI
, through its work with AfDB and Bloomberg, will provide investors with a tool with which to measure and track the performance of Africa's bond markets," the bank added.
For the last 22 years AFMI has been holding this gala award programs for Muslim toppers of X and XII standard board exams in various cities of India.
This is the first time that AFMI will hold its educational convention in Guwahati-Assam.
AFMI is a philanthropic, service based and issue-orientated organization formed by Muslim Americans of Indian origin in 1989.
AFMI strives to achieve 100% literacy among Indian Muslims.
board of directors chairman Vladimir Levchenko said the country had attractive laws and regulations for foreign companies and a solid banking and telecommunications infrastructure.
The objectives of the AFMI
are to contribute to the development of local currency debt markets in Africa; to reduce African countries dependency on foreign currency denominated debt; to help enlarge the investor base in African domestic debt markets and to improve availability and transparency of African fixed income markets related data, among others.