Strengthening African capital markets to facilitate cross-border investment and trade flows

Expanding financial inclusion especially in rural communities and among women and youth

Building flexible and more targeted policies for financial stability and macroeconomic risk containment

We need a resilient financial infrastructure in the face of climate change

Integrating environmental and social dimensions into 'financial decision making' and promoting green investments

A more effective role for multilateral institutions in supporting Africa's development agenda

Debt-for-investment swaps shall be expanded and collateral used to reduce cost

Encouraging African financial integration and local currency settlements to facilitate trade and investment and promote economic diversification

 

 

 

Ahmed Kouchouk, Minister of Finance, stressed that there are three priorities to strengthen the African financial structure in the face of global challenges related to geopolitical and geo-economic tensions and the consequent difficult negative effects on various developing and emerging countries, which pose significant pressures on the public finances of these countries, and their development and investment plans.

 

In the "African Agenda for Financial Structure Reform" session during the annual meetings of the IMF and the World Bank in Washington, the Minister added that we look forward to strengthening African financial markets to facilitate cross-border investment and trade flows, expanding financial inclusion, especially in rural communities and among women and youth, building flexible and more targeted policies for financial stability and containing macroeconomic risks, in a way that can be reflected in positive indicators of financial and economic performance, based on increasing productivity and exports.

 

The Minister said that we need a financial infrastructure that is resilient to climate change, integrating environmental and social dimensions into "financial decision making" and promoting green investments, pointing out that we look forward to a more effective role for multilateral institutions in supporting Africa's development agenda, and that debt-for-investment swaps and the use of guarantees shall be expanded to reduce cost.

 

The Minister pointed out that African financial integration and settlements in local currencies should be encouraged to facilitate trade and investment and promote economic diversification, thus contributing to advancing comprehensive and sustainable development efforts, strengthening the structure of African economies and increasing their capacity for financial sustainability, positive and flexible response to shocks, and meeting the development needs of African peoples.