Botswana VP questions relevance of development finance institutions

Botswana Vice-President Mokgweetsi Masisi has called on Development Finance Institutions (DFIs) to redefine their objectives, warning their relevance as development facilitators was threatened by evolving shifts in demographic, societal needs, economic and market conditions. Officially opening the CEO Forum of the World Federation of Development Finance Institutions (WFDFI) in Gaborone on Monday, Masisi said political, legal and regulatory regimes also posed a threat to the relevance of DFIs, despite the major role they played in development facilitation.