"Also critical is the work that is being done to promote regional integration and intra-Africa trade. For Africa to succeed in taking these programs forward, we need to mobilize appropriate financing. Accordingly, we must invest in developing local capital markets and mobilize domestic resources through taxation and other means," he added.
He also called for the sourcing of finance to fight the illicit financial flows out of the continent. He said the billions illegally taken out of Africa could be used to fund development. Zuma also called for tackling of money laundering and terrorist financing risk. Profit shifting, tax crimes and other related economic crimes require more attention, he said.
Klaus Schwab, Founder and Executive Chairman of the World Economic Forum said there is a deficiency of leadership across the world. He said Africa's old generation should be role models for the younger generation.
Schwab called for the people to follow Nelson Mandela's key values of respecting human dignity and diversity, serve the community people belong to and not one's self-interest and to act as a trustee for future generations.
【国际英语资讯:Zuma calls for more attention on youth at WEF】相关文章:
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