Posted by: africanpressorganization | 12 January 2009

Ethiopia / African Union Commission / Experts Meeting of the Extraordinary Conference of African Ministers of Economy and Finance

 


 

Ethiopia / African Union Commission /
Experts Meeting of the Extraordinary Conference of African Ministers of Economy and Finance

 

ADDIS ABABA, Ethiopia, January 12, 2009/African Press Organization (APO)/ — Experts in the domain of economy and finance converged yesterday, Sunday 11 January 2009, at the headquarters of the African Union Commission in Addis Ababa, Ethiopia, within the framework of the Extraordinary Conference of African Ministers of Economy and Finance (CAMEF), to discuss issue related to the acceleration of Africa’s regional and continental integration as well as the promotion of African development amongst others.

The opening ceremony under the chairmanship of the Commissioner for Economic Affairs of the African Union, H.E. Dr. Maxwell Mkwezalamba, took place in the presence of the representatives of the Executive Secretary of the Economic Commission for Africa (ECA) and the African Development Bank (ADB).

In his address, Commissioner Mkwezalamba said the extraordinary conference comes at a time when the current global financial and economic crisis has changed the environment in which African countries conduct and implement economic policies. “Although the full impact of the crisis is not yet known, it is clear that it will affect the region through direct and indirect channels”, he underlined.

He therefore called on the Experts to devote all their time, energy and expertise so as to come up with concrete and actionable recommendations capable of meeting the expectations of the African peoples and “bringing Africa to becoming a master of her destiny”. (See complete speech of Commissioner Mkwezalamba on the AU website: http://www.africa-union.org).

Speaking on behalf of the ECA, the interim Director of the Division of Trade, Finance and Economic Development, Mr. Abdoulahi Mahamat, said, the conference was another sign of the great cooperation existing between the African Union Commission and the ECA, which he described as an opportunity for both institutions to share views on the crucial economic issues currently facing Africa.

Meanwhile, the Experts are expected to consider the draft Protocol on the establishment of the African Investment Bank; the feasibility of establishing a pan-African stock exchange; an alternative source of financing the African Union as well as develop a roadmap and plan of action for micro-finance in Africa, amongst other things.

 

 

 

SOURCE : African Union Commission (AUC)


Categories

%d bloggers like this: