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POPE FRANCIS' PILGRIMAGE

POPE FRANCIS' PILGRIMAGE TO THE HOLY LAND

ON THE OCCASION OF THE 50TH ANNIVERSARY OF THE

MEETING BETWEEN POPE PAUL VI AND PATRIARCH ATHENAGORAS IN JERUSALEM

24-26 MAY 2014





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‘RICH BEGGAR’

 

 ‘Rich beggar’ paradox that is Africa’s $200bn cash reserves

African countries are holding cash reserves outside the continent totaling nearly $200 billion, which they fear to invest locally owing to rising risks.

The funds, nearly a third of the more than $500 billion in total reserves held by the countries, have been invested mainly in developed economies, said the UN’s Economic Commission for Africa (ECA).

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