Second Conference of African Union Ministers of the Economy and Finance (CAMEF II): statement by Mr. Abdoulie Janneh United nations under secretary general and executive secretary of ECA

Statement by Mr. Abdoulie Janneh United Nations Under-Secretary- General at the Second Conference of African Union Ministers of the Economy and Finance (CAMEF II). Mr. Janneh, on his remarks highlighted that, the environment in which you conduct macroeconomic policy has been changing quite dramatically in the past year and a half. Notably, there has been a tremendous increase in oil prices with dire consequences for net oil importers in the region and most African countries are now faced with challenges of reducing vulnerabilities to increases in oil prices. This conference comes up with a clear strategy to bring influence to bear on our partners to restart the trade talks. It is equally important that African countries remain vigilant and participate actively in discussions on how to make the Aid for Trade initiative operational. The experts' meeting preceding this conference considered the issue of rationalization of the Regional Economic Communities. The problems arising from overlapping and multiple memberships in RECs have been amply studied and analyzed. For example, our joint publication with the African Union entitled Assessing Regional Integration in Africa II: Rationalizing Regional Economic Communities contains suggestion on how to rationalize the RECs.

Bibliographic Details

Format:	Speech biblioteca
Language:	eng
Published:	2006-11
Online Access:	https://hdl.handle.net/10855/31223
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