Addis Ababa, Ethiopia (PANA) – African Finance ministers Tuesday rose from their two-day meeting in Addis Ababa, Ethiopia, adopting a ministerial statement to commit to address the gap in financing Africa’s development by refocusing efforts on domestic resource mobilization.
The ministers also agreed to play a robust role in the shaping of the development agenda beyond 2015, in line with Africa’s aspiration to achieve structural transformation.
They also committed themselves to strengthening their individual and collective leadership and capacities to grasp evolving local and global opportunities in order to speed up the attainment of development transformation.
They said they will facilitate efforts towards mainstreaming the Action Plan for boosting Intra-African Trade and the road map and architecture for fast-tracking the continental free trade area, as well as various ancillaries such as the Minimum Integration Programme and the Programme for Infrastructure Development in Africa, in national plans, strategies and budgetary allocations and effectively contributing to advancing the implementation of integration programmes and activities.
The conference, jointly organized by the UN Economic Union of Africa and the African Union Commission, was held to explore ways of solving Africa’s problem of low global growth, high unemployment and global imbalances.
With the theme “unleashing Africa’s potential as a pole of global growth,” the ministers discussed concrete ways of addressing challenges and polices needed to position Africa as a pole of global growth.
The meeting was also attended by African central bank governors.
-0- PANA MM/VAO 27March2012