By Abdi Ali
Published August 21, 2015
African Finance Ministers and Governors of Central Banks are set to meet in Angola with the aim of strengthening the voice of the continent’s representatives on issues relating to socio-economic development.
The meeting, referred to as The African Caucus and held in the Angolan capital, Luanda, August 27-28, 2015, is expected to strengthen Africa’s relationship with international financial institutions such as the International Monetary Fund (IMF), the World Bank (WB) and the African Development Bank (AfDB), with the aim of helping mobilise support for the financial needs of the continent’s infrastructural development and industrialisation.
Among the subjects to be tackled in the two-day conference by high level personalities connected with the New Partnership for Africa’s Development (NEPAD), WB and AFDB are the vision for African economy, Africa’s economic transformation and diversification, the 2015 African Caucus Memorandum, and the financing of African projects connected to infrastructure.
“Holding the forum in Angola will improve the country’s visibility, making way for new opportunities for diversifying the economy,” says Adebayo Vunge, Director of Institutional Communications Office of the Ministry of Finance of Angola.
The Caucus, that was founded in 1963 as the African Group of Governors of the World Bank Group and the IMF, aims to strengthen the voice of the Governors of the African Continent on important issues relating to socio-economic development of the mother continent within the Bretton Woods Institutions.