Thirty-fourth session of the Commission/ Twenty-fifth meeting of the Conference of Ministers/Ninth Meeting of the Conference of African Ministers of Finance: Ministerial statement

Abstract

This Ministerial Statement at the Thirty-fourth session of the Commission/ Twenty-fifth meeting of the Conference of Ministers/Ninth Meeting of the Conference of African Ministers of Finance focuses on Effective governance is the foundation for sustainable development and poverty reduction and improved human wellbeing. This entails a state that, inter alia, respects the rule of law, ensures peace and stability, and enables full participation of citizens. Information and communications technologies hold the promise of enormous positive influence on our countries’ economic and social development. The complex problems of financing development through aid, debt reform and trade, pose a number of pressing issues which we have addressed in this and previous ECA Conference and which require deepened and improved partnership with the international community. The international community and in particular the G-8 to initiate a review of the individual debt problems of these hard-pressed African countries and to launch a joint process with each one aimed at achieving a sustainable debt position.