DFIs pivotal to meeting fiscal gaps
Monday, November 28, 2022 | 140 Views |
Speaking at the 2022 Association of African Development and Finance Institutions (AADFI) CEO’s forum, Gare said with the increasingly limited resources from governments, DFIs are now expected to mobilise resources to meet the fiscal gaps and continue to meet their developmental mandates across the various affected sectors of their economies.
“It will therefore be imperative that DFIs, which are already threatened by shifts in demographics, societal needs, economic and market conditions as well as political, legal, and regulatory regimes, reposition themselves to raise the necessary resources to assist governments,” he said. Gare said the DFIs were set up to address prevailing market failures and to reach underserved segments.
The fees have been doubled from the previous amounts and raise concerns about political participation accessibility and democratic representation principles.This significant fee increase prompts questions regarding its impact on grassroots democracy.On one hand, the fees act as a filter, ensuring only serious contenders enter the race, potentially reducing frivolous candidacies and generating crucial campaign funds. The BDP argues that aspiring...