Select Slides - UC Sacramento Economic Address

1. ECONOMIC FORUM
Looking for answers in tough economic
times
African Leadership Council Presents
quot;Crisis & Opportunities
California State University, Sacramento
What Next ? (Ben Heine)
Impact and Opportunities
on Emerging Economies
and Africa
Ms. Sophia Bekele
BS. M.B.A, C.I.S.A, C.C.S, CGEIT
CEO, CBS International

2. I believe
that banking institutions
are more dangerous
to our liberties than standing armies.
- Thomas Jefferson
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3. The Global Financial Crisis
The Current :
i. rapid expansion of securitization
ii. fragile system because of complex off-balance -
sheet instruments
iii. highly leveraged financial market players
iv. Cross-border spillovers intensified
www.cbsintl.com Economic Forum - University of
Sacramento, African Leadership Council

4. Results/Projections:
Even if global growth
turns positive again in
2010, output levels will
remain depressed, fiscal
pressures will mount,
and unemployment
levels will rise further in
virtually every country
well into 2011,” World
Bank’s Development Prospects
Group.
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5. The Global Financial Crisis Divide

6. Can the G-20 save the World Economy?
Associated press Reuters
Associated press
Reuters
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7. The New Economic Order - Response to the Crisis
Final Result
A. Reform of international financial institutions to overcome this crisis
and prevent future ones;
B. Regulation of hedge funds
C. Reform of regulatory regimes to strengthen financial regulation to
rebuild trust; ( > saving, more capital requ, govt guarantees and
regulated)
D. A coordinated stimulus to restore confidence, growth, and jobs;
restore lending between the different countries; therefore pledged
1trillion USD
E. Renounce protectionism ; promote global trade (pledged 250 billion
in trade finance) & investment to underpin prosperity;
F. Shade light on secrecy of tax havens
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8. Africa at G20
G20 Should Use Crisis as Opportunity to Fix Inequity
- Ethiopia’s Prime Minister Meles Zenawi’s representing the continent at
G20 leaders
quot;I cannot imagine the human the human race progressing by leaving
behind 3/4 of the world population, it would be a huge mistake“
- Dr. Jean Ping, President of the African Union Commission
• Africa presented “A Common African position” of the 53 member
countries of African Union.
• The crisis is expected to severely affect the continent. ….damaging their
exporting capacities by some $50 billion in 2008-2009, according to AU
figures
• Result: “ Africa's voice was heard and success was achieved at the just
ended summit of the Group G20”.
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9. Thought provoking independent voices
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10. Coordinated Global Response
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