Ministerial meeting in Algiers on economic development
Ministers of finance and economic development from across the African continent will be meeting in Algiers on May 8-10, to discuss a Single Africa led initiative to mediate partnership between Africa and its partners that will define the way forward in Africa's development.
The ministers will meet for the Ninth Session of the Joint Conference of African Ministers of Finance and Ministers of Planning and Economic Development, at the Palais des Nations, where discussions will focus on the Millennium Plan (MAP)—an initiative proposed last year by Presidents Abdulaziz Butaflika of Algeria, Olusegun Obasanjo of Nigeria and Thabo Mbeki of South Africa.
With the MAP emerging as the agreed African initiative for development, bringing together all partnership initiatives within a single framework, the participants are looking to create a mechanism that will provide financial, technical and analytical support to the MAP.
It is envisioned that developed countries would invest the necessary resources through aid, debt relief and market access to give African economies the jump-start they need. In turn, Africa should be able to put in place the necessary political reforms to ensure that their economies take off.
In addition to the main discussion over the MAP, the meeting features panel discussions on substantive related issues, including post-conflict reconstruction, the building and sustaining of partnerships and the HIV/AIDS pandemic.
A meeting of economic experts on May 6 and 7 precedes the Algiers conference. At the end of the meeting, experts—drawn from governments, the United Nations system, and bilateral and multilateral institutions—will present recommendations for consideration by the ministers. — (Albawaba-MEBG)
© 2001 Mena Report (www.menareport.com)