(This is the conference that Millionday talked about in her Roundtable discussion today)
The Arab Banking Conference 2015 'Financing for Development' 27 - 28 April 2015
Conrad Hotel - Cairo –Arab Republic of Egypt
Since the onset of fundamental economic and political transitions in the Arab region, the Union of Arab Banks has remained dedicated and committed to organizing Arab and International conferences with the purpose of diagnosing and addressing the various persisting challenges Arab countries face.
Notably, countries of the region suffer from a developmental setback or slowdown which hinders economic recovery in the turbulent countries and fragmented societies.
Consequently, public-private economic partnerships are crucial for accelerating economic recovery and ultimately achieving sustainable development.
Attaining sustainable development necessitates accumulating domestic and international financial resources (including foreign direct investment), encouraging intra-Arab trade, increasing financial and technical cooperation, and promoting collaboration to achieve development, stimulate investment, and attract international capital to the Arab region.
Moreover, it is essential to incorporate social and economic goals when devising policies and plans, and promote Arab Development Assistance which is a critical form of economic cooperation between rich Arab states and other Arab countries.
Additional requirements for sustainable development include improving the physical and institutional infrastructure, modernizing communication and transportation means to facilitate information, capital, and labor flows, formulating and executing plans to tackle unemployment by facilitating labor movement between Arab countries and reducing dependence on foreign labor by prioritizing Arab human capabilities.
In this regard, combatting illiteracy, developing educational curricula and learning methods, and improving vocational training, and technical and scientific research to fit the needs of the Arab world, remain fundamental requirements for development.
It is also crucial to implement integrated and comprehensive strategies and policies in order to eliminate poverty and adapt to the undertaken economic reform measures, to capitalize on available resources, and foster social unity.
The Union of Arab Banks, through this important conference, remains determined to present constructive and visionary ideas, motivate Arab economic cooperation mechanisms, and assemble a rally of economic intellectual elites to efficiently and effectively tackle the difficult challenges impeding economic development in the region.
The Arab Banking Conference held this year in Cairo, Egypt, entitled 'Financing for Development' coincides with the Union of Arab Banks' General Assembly meeting.
This conference presents a platform in which leading experts in banking, economics, and finance thoroughly discuss and analyze the aforementioned themes and topics, and explore possible recommendations to address the challenges and attain the sought objectives.
The main objective of this conference is to discuss the prospects of financing for development, starting from restructuring Arab economies and institutions, devising a common Arab strategy that effectually improves the economic, social, and living standards,
and eradicating poverty in some Arab countries, which rises with population, illiteracy, unemployment, debt accumulation, and over-exploitation of natural resources, in addition to limited financial resources and poor infrastructure.
This conference aims at promoting Arab cooperation and coordination with regional and international organizations through supporting pan-Arab organizations to empower their active participation in executing pan-Arab initiatives and projects.
Held in Cairo, this conference will shed light on the recent economic reforms implemented in Egypt.
It will also encourage Arab investments to achieve Egypt's aspired development goals, particularly in financing SMEs that create sustainable employment opportunities and have considerable growth potentials.
Themes and Topics: