Report of the third meeting of the Conference of African Ministers of Finance on the African Framework for structural adjustment programmes

Abstract

Pursuant to the Economic Commission for Africa's Conference of Ministers resolution 541 (XX) of 29 April 1985 which formally established the Conference of African Ministers of Finance to deal with all issues relating to money and finance, the third session of the Conference of African Ministers of Finance was held in Blantyre, Malawi, from 6 to 8 March 1989. Previously, the Conference of African Ministers of Finance had mot in Libreville in June 1986 to consider the establishment of the African Monetary Fund. The purpose of the Conference was threefold: to critically examine the premises of orthodox structural adjustment programmes and to consider a comprehensive alternative to such programmes; to consider the question of domestic and external resources management as well as external debt management; and to review the important issue of the establishment of an African Monetary Fund that would enable African countries to respond more effectively to adverse developments in international matters and financial relations.