I believe there is a way out of this loop for African countries and hope that the deliberations coming out of this seminar will identify concrete policy options and proposals to support ongoing efforts to stem capital flight and enhance repatriation in support of investment and economic growth across Sub-Saharan Africa; so that Africa in 3007 is not the mirror image of Africa in 2007; the one which has rightly or wrongly been associated with corruption, capital flight, HIPC and poverty.
The resulting yield curve has delivered a financial environment which is lending very significant support to the economic recovery. Turning now to more recent economic developments, the economic recovery which started in the second half of 2003 has continued in 2004. In terms of year-on-year growth rates, we reached 2% in the second quarter of this year.