Ministerial statement : ECA joint conference of minister of finance and ministers responsible for economic and social development and planning
Ministerial Statement on ECA Joint Conference of Ministers of Finance and Ministers Responsible for Economic and Social Development and Planning. The Ministers met at a key point in time in Africa's development history: a time of recovery and fragile growth; a time of globalization of trade, investment and financial markets; a time of caution-- due to the aftermath of the economic crisis in Asia and its contagion effects; a time when new analysis of Africa's development situation presents a way forward; and a time when Africa's development partner:; are seriously considering the resolution of Africa's debt crisis. Ministers take note of the need for solutions to the kind of financial crisis, which has occurred. They recognize that integration into the global financial world remains a fundamental objective, but that a globalized financial economy carries risks, which must be managed both domestically and internationally. Ministers stress the critical role of capital markets in raising the level of domestic savings, attracting foreign private investment and stemming and possibly reversing capital flight.
| Format: | Speech biblioteca |
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| Language: | eng |
| Published: |
1999-05
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| Online Access: | https://hdl.handle.net/10855/31569 |
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