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Малофеев Константин

Konstantin Malofeev

Chairman of the Supervisory Board, International Agency for Sovereign Development (IASD)
Quotes
23.10.2019
Russia- Africa Economic Forum 2019
Economic Sovereignty for Africa: Problems and Solutions
Africa has 20% of our planet’s land, 16% of its population and at the same time only a tiny portion of its GDP – just 2.7% – and even fewer Eurobonds. Here I mean any loan instruments that would allow to develop the economy regardless of political requirements set by international development institutes.  <…> Our calculations show that Africa’s colossal natural resources are worth USD 4 trillion. <…> If these resources were used and accumulated and the revenue they bring would be distributed among Africa’s population, the world’s largest mining companies would be African along with the Russian ones
23.10.2019
Russia- Africa Economic Forum 2019
Economic Sovereignty for Africa: Problems and Solutions
Achieving economic sovereignty takes entering international private capital markets. Global banks prohibit investing private customers’ money in African countries. Entering international markets of private capital allows to get this money, because investors are ready to invest in Africa. <…> State corporations should develop African countries – that is the only way to make most of the dividends or the natural resource rent stay in the country. <…> Sovereign funds should be created: it helps concentrate all management talents and the political will of country’s leadership in one institute that can choose where to invest sovereign money
23.10.2019
Russia- Africa Economic Forum 2019
Economic Sovereignty for Africa: Problems and Solutions
The IMF and World Bank are the institutes of America’s global financial dominance. The agreements signed between these institutes and African countries allegedly lend money under 2–3%, however they include about 27 essential clauses that set requirements to African governments, which is direct interference in politics and sovereignty of African countries
23.10.2019
Russia- Africa Economic Forum 2019
Economic Sovereignty for Africa: Problems and Solutions
More money is pulled from Africa than is invested in it. <…> Africa is a net lender for international financial institutions and not the other way around. <…> Africa’s total GDP [excluding artificial restrictions, – Ed.] should be between USD 3 and 4.7 trillion compared to today’s USD 2.3 trillion. Currently, Africa’s GDP is twice lower because transfer prices allow global corporations to pull money from Africa <…> and then craftily bring it back as financial aid for poor countries
07.06.2019
SPIEF 2019
Public–Private Partnerships for Charity
The more public–private partnerships [in charity, – Ed.] will involve the Church, the more efficient they will be