Asea af db presentation final mr stefan nalletamby 25-11-14
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Transcript of Asea af db presentation final mr stefan nalletamby 25-11-14
AFRICAN DEVELOPMENT BANK GROUP
The African Development Bank Group: Towards Vibrant Capital Markets in Africa
Stefan NALLETAMBY
Director of Financial Sector Development
ASEA 2014 Conference, Kenya
AFRICAN DEVELOPMENT BANK GROUP
PRESENTATION OUTLINE
AFRICAN CAPITAL MARKETS LANDSCAPE1
KEY COMPONENTS TO DEVELOP EXCHANGES IN AFRICA2
AfDB’s STRATEGY3
FINANCIAL SECTOR DEVELOPMENT STRATEGY 2014-20194
AFRICAN DEVELOPMENT BANK GROUP
Global Landscape
• Financial market globalization and regionalization
• Technology and the rising pace of innovation
• The changing role of governments
• Market demand for greater transparency
AFRICAN DEVELOPMENT BANK GROUP
African Capital Markets Landscape
Stock Exchanges – Few Listings, Low Liquidity, Relatively Costly
Transaction Costs
AFRICAN DEVELOPMENT BANK GROUP
African Capital Markets Landscape 2
Bond Markets – Extremely active and profitable
Financial Markets are improving and positively contributing to financing of the economy
AFRICAN DEVELOPMENT BANK GROUP
Key Components to Develop Exchanges in Africa
Financial Literacy/Industry
Talent Pool
Regulation & Supervision
Infrastructure/ Automation
Demutualization Considerations
Regional Integration
Institutional investors
Issuers
Intermediaries
Developing trust between
stakeholders is key
AFRICAN DEVELOPMENT BANK GROUP
Overview of the AfDB
AfDB Group
African Development Bank
African Development Fund
Nigeria Trust Fund
In Brief
Established 1963
53* RMCs
25 Non RMCs
26 Representations
Our Clients
Middle-Income Countries
Low-Income Countries
Post-Conflict & Transition States
* Excluding South Sudan
Public & Private Sector
AFRICAN DEVELOPMENT BANK GROUP
AFDB’s Strategy for 2013-2022
The Bank’s Ten-Year Strategy aims at inclusive & “green” growth
AFRICAN DEVELOPMENT BANK GROUP
AFDB’S FINANCIAL SECTOR DEV STRATEGY 2014-19
FINANCIAL SYSTEMS GOVERNANCE
Increasing access to the underserved,
particularly women and youth
PILLAR I
Broadening and deepening Africa’s financial systems
PILLAR II
PARTNERSHIPStrengthen partnership with MDBs, regional development
banks, and bilateral institutions for maximum
impact in RMCs
INNOVATIONTake lead in promoting
technology toward universal access and innovative products and services
Vibrant, innovative, robust, and competitive financial systems nationally and regionally
AFRICAN DEVELOPMENT BANK GROUP
OFSD’s DIVISIONS
Financial Institutions
Trade FinanceFinancial Inclusion
Financial Markets
• Increasing the financial sector’s responsiveness to the demand for long-term capital
• Strengthening the capacity of financial institutions
• Supporting the development of DFIs
• Facilitating the adoption of sound business and financial management practices within the assisted institutions.
• Work with retail banks, DFIs and MFIs in deploying innovative and commercially viable business models
• Develop financial infrastructure and systems to address access
• Support to Microfinance and Households access to finance
• Design an enhanced set of financial products
• Develop trade finance structures in response to market requirements in Africa
• Promote partnership with key trade finance actors
• Broadening and deepening of the financial sector in the long-term finance market and in creating an enabling environment for Regional Financial Integration.
Supporting Financial Stability is a Cross-cutting theme
AFRICAN DEVELOPMENT BANK GROUP
AfDB: Support to Capital Markets DevelopmentBroadening and deepening the long-term finance market and creating an enabling environment for Regional Financial Integration
ADVISORYAFMI
Cross Cutting Initiatives
Scope of Activities
LENDING
Developing yield curves
Structured vehicles targeting inst’l investors
WAEMU Financial Market Support
Capital Mkts Infrastructure
Capital market ecosystem institutions: rating agencies
Development of Secondary Debt Markets
Sovereign Wealth Fund Implementation
Insurance & Pension Reforms
Regulation and Supervision of Capital Markets
AFMD Knowledge dissemination
tool to promote bond markets
ADBF African Domestic Bond
Index African Domestic Bond
Fund