2019 Annual Meeting of Afreximbank in Moscow: New Horizons of Cooperation between Russia and Africa

Publication type Article
Status Published
Occupation: Director of Institute
Affiliation: Institute for African Studies, Russian Academy of Sciences
Address: Moscow, Russian Federation
Journal nameAsia and Africa Today
EditionIssue 9

The author summed up the results of the Annual Meetings of the African Export-Import Bank (Afreximbank) and respective Russia-Africa Economic Conference. The events were held from 18 to 22 June 2019 in Moscow. They became an important international discussion platform in advance of Russia-Africa Economic Forum and Summit (October 23-24, Sochi). The event was organized by the Roscongress Foundation, African Export-Import Bank and Russian Export Center JSC. More than 1,500 delegates from 81 countries took part in the Annual Meetings of the African Export-Import Bank and Russia-Africa Economic Conference. 

Dmitry Medvedev, the Chairman of the Russian Government, addressed the opening ceremony of the 26th Annual Meeting of Shareholders. He noted that Russian-African relations have a solid historical base. With this advantage, it is necessary to move forward and search for answers to existing challenges together. More than 20 business events were held within the framework of the Annual Meetings and Russia-Africa Economic Conference. Those events were aimed to discuss the cooperation with the African SMEs in the Russian market, trade among developing countries, integration of Africa into the global economy, trade financing amid difficult global financial environment, digital solutions and cybersecurity for state and municipal purposes, food security issues, health and education. Amid the current environment, the comprehensive cooperation with the growing African economies is of paramount importance for Russian-African relations. The demand for scientific and technological progress, the comprehensive introduction and application of Russian innovative developments in such sectors of the African economy as infrastructure, agriculture, green energy, health care, and municipal government come to the fore. 

KeywordsAfreximbank, Russia, Africa, Russian-African Economic Cooperation, International Trade, Export Potential, Investment
Publication date09.09.2019
Number of characters15966
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