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The 8th Joint Annual Meetings of the African Union Specialized Technical Committee on Finance, Monetary Affairs, Economic Planning and Integration, and the ECA Conference of African Ministers of Finance, Planning and Economic Development kicked off at the UNECA on Wednesday March 25. The joint conference was held under the theme, “Implementing Agenda 2063 – Planning, Mobilizing and Financing for Development” and was held against the backdrop of intensive activities leading up to the MDGs 2015 deadline and the global negotiations on the post – 2015 development agenda.
During the previous sessions of the joint conference, the discussions were mainly focused on the role of industrialization for Africa’s reemergence as well as the continent’s inclusiveness and transformative development.
A call was also made to African countries to adopt dynamic industrial policies and innovative institutions, to roll out effective processes and flexible mechanisms to transform their economies so as to bring about inclusive and sustainable economic and social development. This week’s conference reflected on the above points as well as on implementing the African Union Agenda for 2063.
The annual forum plays many roles including advisory, advocacy, facilitation, leadership and governance, and development marshal to African states. It is formed to assist with a wide range of important issues ranging from conflict management, governance to integration, and cooperation.
This year’s discussions also addressed the issues of conflict resolution and post conflict reconstruction and development where elements such as political, social and economic governance as well as democracy, elections, and human rights were the main points of focus.
The Economic Commission for Africa (ECA) also launched country profiles on Saturday, March 28. The country profiles will provide countries and regional entities with data and forecasting tools to refocus their energies on macro economic and social policies which are geared towards achieving structural transformation.
The profiles will also provide decision makers with strategic and practical recommendations, and will allow African countries to assess their macroeconomic and social performances, as well as their progress in line with the post-2015 development agenda objectives on a regular basis.