{"id":35438,"date":"2019-10-20T20:45:47","date_gmt":"2019-10-20T19:45:47","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=35438"},"modified":"2019-10-20T20:45:47","modified_gmt":"2019-10-20T19:45:47","slug":"world-bank-mulls-harmonised-tariffs-across-african-borders","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/world-bank-mulls-harmonised-tariffs-across-african-borders\/","title":{"rendered":"World Bank Mulls Harmonised Tariffs Across African Borders"},"content":{"rendered":"<p>***As Ministers, Central Banks Governors End Annual Meetings<\/p>\n<p>Tayo Olanipekun, Washington DC<\/p>\n<p><a href=\"https:\/\/nationalwire.com.ng\/promote-women-empowerment-as-hunger-increases-world-bank\/\">World Bank<\/a> President, David Malpass, closed the institution\u2019s 2019 Annual Meetings with emphasis on its commitment to working out trade facilitation for African countries across the borders through harmonization of tariffs amidst the customs systems.<\/p>\n<p>Making this known during the African Caucus Meeting on Sunday at the Brenton Woods Institutions\u2019 headquarters, he added that reduced transaction costs, digital transformation and transparency of debts were areas the Bank will work with Africa to reduce poverty and increase prosperity.<\/p>\n<p>These will also create a level playing field for everyone within the economies.<\/p>\n<p>Nigeria recently announced a total closure of its land borders preventing the movements of some consumer goods in a bid it said to promote local production of such items.<\/p>\n<p>The move will also hurt the economy of its neighbor, Benin Republic, that the IMF reported to have recorded a GDP growth of 6.7 percent in 2018 driven by \u201cstrong agricultural production and port activity.\u201d<\/p>\n<p>IMF added: \u201cThe medium-term outlook continues to be favorable, with economic growth projected at 6.7 percent over 2019-2024.\u201d<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>Its Autonomous Port of Cotonou is adjudged to be among the busiest in West Africa and it is reputed for turning in tons of finished goods to Nigeria through the land border two share.<\/p>\n<p>Benin\u2019s Minister of Economy and Finance, Romuald Wadagni, was not on hand at the Caucus Meeting to talk on the effects of Nigeria\u2019s action on his nation\u2019s economy but an official that was not authorized to comment on the subject told <a href=\"https:\/\/nationalwire.com.ng\/\"><strong>National Wire<\/strong><\/a> the border closure \u201cis a sensitive matter at the moment.\u201d<\/p>\n<p>\u201cWe want to broker trade facilitation in terms of trying to help countries trade across borders and even within their own countries,\u201d Malpass said, stressing that job and economic transformation issue is core.<\/p>\n<p>He urged all the African Ministers of Finance and Central Bank Governors present to continue calling on the institution for &#8220;assistance when you can.&#8221;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>***As Ministers, Central Banks Governors End Annual Meetings Tayo Olanipekun, Washington DC World Bank President, David Malpass, closed the institution\u2019s 2019 Annual Meetings with emphasis on its commitment to working out trade facilitation for African countries across the borders through harmonization of tariffs amidst the customs systems. Making this known during the African Caucus Meeting &hellip;<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":9,"featured_media":35439,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[270,5470,486],"coauthors":[2387],"class_list":["post-35438","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-benin-republic","tag-david-malpass","tag-world-bank"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>World Bank Mulls Harmonised Tariffs Across African Borders - NW<\/title>\n<meta name=\"description\" content=\"World Bank President, David Malpass, closed the institution\u2019s 2019 Annual Meetings with emphasis on its commitment to working out trade facilitation\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/world-bank-mulls-harmonised-tariffs-across-african-borders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Banks Wants Free Trade Across African Borders\" \/>\n<meta property=\"og:description\" content=\"World Bank President, David Malpass, closed the institution\u2019s 2019 Annual Meetings with emphasis on its commitment to working out trade facilitation\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/world-bank-mulls-harmonised-tariffs-across-african-borders\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-20T19:45:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2019\/10\/Zain.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"601\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"World Banks Wants Free Trade Across African Borders\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tayo Olanipekun\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/world-bank-mulls-harmonised-tariffs-across-african-borders\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2019\/10\/Zain.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2019\/10\/Zain.jpg\",\"width\":601,\"height\":400,\"caption\":\"Zainab Ahmed\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/world-bank-mulls-harmonised-tariffs-across-african-borders\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/world-bank-mulls-harmonised-tariffs-across-african-borders\/\",\"name\":\"World Bank Mulls Harmonised Tariffs Across African Borders - 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