Addis Ababa, 23 February 2015 (ECA) - On 29 March 2015, the Economic Commission for Africa and the African Union Commission will hold the second Caucus of African Central Bank Governors, in Addis Ababa, on the margins of the eighth Joint Annual Meetings of the African Union Specialized Technical Committee on Finance, Monetary Affairs, Economic Planning and Integration and the Economic Commission for Africa Conference of African Ministers of Finance, Planning and Economic Development.
The main objectives of the Caucus are to identify concrete follow-up measures to the outcomes of the first Caucus, which was held in Abuja in 2014, and measures to enhance the role of governors of central banks in the consultations leading up to the third International Conference on Financing for Development, which will take place in July 2015. The outcomes of the Conference will have direct implications for central banks in Africa. The Caucus, which brings together the governors of central banks of a number of African countries, will provide a unique opportunity for governors to engage in structured dialogue on the issues that they would like to see reflected in the outcome document of the Conference.
The Caucus is intended to come up with concrete proposals on how to fully engage central bank governors from Africa in the consultations leading up to the International Conference on Financing for Development. In addition, the governors will produce a statement on the issues that they would like to see reflected in the outcome document of the Conference. Lastly, an action plan will be developed, outlining a road map for the implementation of the proposals of the first Caucus.
In addition to governors of central banks from Africa, the Caucus will be attended by key actors in the post-2015 development agenda and financing for sustainable development, to ensure synergies between the two processes.
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