Wednesday, October 6, 2010

Fifth African Economic Conference / “Setting the Agenda for Africa’s Economic Recovery and Long Term Growth”

TUNIS, Tunisia, October 6, 2010/African Press Organization (APO)

The African Economic Conference (AEC) will gather for the fifth year running between October 27-29 in Tunis, Tunisia. The African Economic Conference is jointly organized by the African Development Bank (AfDB) and the United Nations Economic Commission for Africa (UNECA). This year’s conference theme will be: “Setting the Agenda for Africa’s Economic Recovery and Long Term Growth.”

Key figures attending the event will include Pascal Lamy, Director-General of the World Trade Organisation and the Prime Minister of Tunisia, Mohammed Ghannouchi, along with ministers of finance and central bank governors from various African countries.

They will be joined by numerous senior African policy-makers, business executives, development experts and academics to review scenarios for Africa’s economic recovery and return to strong growth.

Over its five years, the African Economic Conference has become a premier forum that brings together outstanding academics and development practitioners in the field of economics.

The participants will represent an array of African and international institutions including the Central Bank of Kenya, the Bank of Tanzania, the Bank of Uganda, the Egyptian Financial Authority, the Ethiopian Commodity Exchange, the International Monetary Fund, the World Bank, and the Brookings Institution.

The academic community will be represented by numerous world-class universities including Harvard, Oxford, Gothenburg and the London School of Economics.

The conference will address Africa’s position in the post-economic crisis world. The developing world continues to feel the effects of the crisis more than elsewhere. In Africa, the effects of the crisis on capital flows, export volumes and prices, remittances and tourism were far reaching. The crisis threatens to reverse trends in private investment and jeopardizes the gains from the good economic performance since 2000.

The AEC will feature a wide-ranging set of seminars to discuss these issues and the economic way forward for Africa. Important subject areas covered will include China-Africa trade; the role of the private sector; the promotion of savings and investment in Africa; the creation of new African financial products; development financing; fiscal policy; governance; green growth, and regional integration.

SOURCE: African Development Bank (AfDB)