Look inward and be innovative, African states told

Abstract

Financing development must be African driven, delegates at the Joint Annual Meetings of the African Union Specialized Technical Committee on Finance, Monetary Affairs, Economic Planning and Integration and the ECA Conference of African Ministers of Finance, Planning and Economic Development currently taking place in Addis Ababa, were advised. Discussing the AUC Agenda 2063, focusing on planning, mobilizing and financing for development, delegates reflected on the means of implementation and agreed that mobilizing domestic resources instead of reliance on external donors was the surest course for Africa to take. To finance infrastructure, agriculture; regional integration; manufacturing; health and education, Africans, counselled panelists, have to look in their coffers.