The African Caucus was established in 1963, as the “African Group,” with the objective of strengthening the voice of African Governors in the Bretton Woods Institutions (BWIs), i.e. the International Monetary Fund (IMF) and the World Bank Group (WBG), on development issues of particular interest to Africa. Membership to the Caucus is open to all African Countries who are members of the IMF and WBG, currently all the 54 countries on the African continent. The countries are represented by their respective Governors at these institutions, commonly referred to as the African Governors, who are usually Ministers of finance and economic development, and Central Banks Governors.
“Africa Beyond Aid : Enhancing institutional capacity and innovative finance for sustainable growth” has been chosen as the theme for the 2019 African Caucus meeting to be held in Accra, Ghana, on July 31-August 2, 2019. The proposed theme sets the vision and ambition for Africa to transform and grow its economies faster and provide jobs for all its citizenry. Under the broad scope of this theme, and in view of the important steps African countries need to take to drive this vision, enhancing institutional capacity and promoting innovative finance will remain key in the quest to maximize domestic and external resources for development…
…The theme for 2019 will engender greater emphasis and allow African Governors to deliberate on actions that policy makers in Africa and the BWIs must take to build durable human and institutional capacity, strengthen public financial management, including stemming IFF, and promote sustainable innovative finance for economic transformation and development of the continent.
There will be three panel sessions during the Caucus meeting with each focusing on the following areas:
• Enhancing human capacity and skills development to accelerate jobs and economic transformation;
• Strengthening institutional capacity and public financial management; and
• Promoting innovative finance for private sector-led growth.
We will be embarking on two trips as part of the agenda of this meeting. Sign up to a City tour of Accra or Road trip to Cape Coast.