The Seventy-fifth Ordinary Session of the OAU Council of Ministers and Tenth Ordinary Session of the African Economic Community: Address by K. Y. Amoako, executive secretary of the economic commission for Africa
This Address presented by K. Y. Amoako, Executive Secretary of the Economic Commission for Africa at the Seventy-fifth Ordinary Session of the OAU Council of Ministers and Tenth Ordinary Session of the African Economic Community. Mr. Amoako, on his remarks highlighted that, The regional economic communities (RECs) that were created as stepping-stones to regional integration, have played a significant role in the success of our regional integration efforts. Now, there are 14 RECs covering a range of functions and intentions. In addition, there are a whole host of regional policy and training centers that bear on regional integration. Experience in Africa and elsewhere clearly shows that both sub regional and regional organizations are needed and useful, if there are complementary divisions of labor. In ECA’s assessment, Africa’s current system of integration is too complex, too duplicative, and requires too much political energy and money for what is being produced. Prudently sequencing implementation of the African Union will allow us to deal with the problem of finance. New regional institutions will have payrolls and operating costs to fund. Even now, many of our existing regional institutions have difficulty financing what they are supposed to do. Their budgets are modest compared with their mandates.
| Format: | Speech biblioteca |
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| Language: | eng |
| Published: |
2002-03
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| Online Access: | https://hdl.handle.net/10855/31408 |
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