Euromoney (June Issue)
2014/ 06/ 15 by jd in Global News
The African Development Bank’s 50th Anniversary brought much introspection, but infrastructure is only one problem hindering “meaningful continental integration.” Non-physical barriers present another. “Rules and regulations have not been harmonized within regions. Generally speaking, African countries trade more with Europe than they do with each other; even where roads are good, rent-seeking opportunities widely plague popular trade routes, with officials hoping to benefit from bribes at the expense of their neighbours.”
Tags: African Development Bank, Bribes, Europe, Infrastructure, Integration, Non-physical barriers, Officials, Regions, Regulations, Rent-seeking, Rules, Trade
