Sunday - August 18,2019

Luanda to Host African Finance Ministers Meeting

Luanda to Host African Finance Ministers Meeting

Luanda, the capital of Angola, will host the meeting of finance ministers and governors of African central banks, from August 27-28.

The African Caucus Meeting is meant to seek a common ground among the continental financial institutions on relevant matters in their relation with Bretton Woods institutions.

The meeting is an opportunity for African financial institutions to put forward, in a concerted and organised way, the most relevant problems affecting the economies of the continent, particularly concerning the construction of infrastructure and industrialisation of the productive processes.

Hosting the African Caucus in Angola will provide an opportunity for the country to strengthen its relationship with the international financial institutions like the International Monetary Fund, the World Bank and the African Development Bank, and thus seek to marshal aids required for its development.

According to a Finance Ministry's press release that reached Angop on Wednesday, the event will also contribute to a better visibility of Angola and new opportunities for the diversification of its economy.

Among the topics on the agenda for the meeting stress goes to a general overview of the regional economy, economic diversification, the 2015 African Caucus Memorandum and financing of regional infrastructure projects.

Addressing the event will be such relevant figures as the ex-South African President, Thabo Mbeki, and officials linked to the New Partnership for Africa Development (NEPAD), WB and AfDB

Angola was formally appointed to chair the African Caucus Group in 2015, during a meeting held in Khartoum, Sudan, from 3-4 September 2014.

Established in 1963, the African Caucus seeks a common ground among the continental financial institutions representatives on relevant matters concerning the socio-economic development in their relations with the Breton Woods institutions.

Fonte: Notícias ao Minuto