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Angola marks presence at African Caucus 2023

The country marks its presence at the 2023 African Caucus, which started on Thursday (June 6) and will run until this Saturday (July 8), in Cape Verde.

: Facebook do Ministério das Finanças e Fomento Empresarial
Facebook do Ministério das Finanças e Fomento Empresarial  

Representing the country is the Secretary of State for Budget and Public Investment, Juciene Cristiano de Sousa, according to a statement from the Ministry of Finance, which VerAngola had access to.

"The Secretary of State for Budget and Public Investment, Juciene Cristiano de Sousa, will participate, on behalf of the Minister of Finance, from 6 to 8 July, in the African Caucus 2023, which will take place on Sal Island, in Cape Verde, under the motto 'New modalities and mechanisms to finance economic development in Africa'", reads the note.

According to the ministry, the annual meeting that brings together the ministers of Finance, Planning and African governors "from central banks with the International Monetary Fund (IMF) and World Bank Group (GBM), constitutes a sovereign opportunity for African leaders to present, in a jointly and coordinated, the major and current concerns that affect the continent's economies".

In addition, the event is also assumed as "a preparatory meeting for African member countries", with a view to "a cohesive and effective participation in the annual autumn meetings of the Bretton Woods Institutions".

During the event, adds the statement, more than 300 representatives of "African high finance" will share experiences, "create strategies and draw lessons through various meetings and debate sessions".

The focus is on Angola this Friday. According to the ministry, the country's experience will be highlighted, this Friday, through "participation in a panel dedicated to the formalization of the informal economy, and in another on the unlocking of green financing for Africa".

This Friday's agenda also includes several meetings, including a presentation by Abebe Aemro Selassie, director of the IMF's African Department, on 'Financial Constraints in the Region', as well as a session on "Public Debt as an Instrument of Financing for Africa's Growth in the Framework of the New Global Financial Architecture".

"On Saturday, the final day of the African Caucus, the leaders of participating countries and institutions will meet and develop a draft 2023 Memorandum, which will be presented to the leadership of the Bretton Woods Institutions, with a view to building support for the pressing issues affecting the continent", says the note.

The event will be closed by Olavo Correia, Deputy Prime Minister and Finance Minister of Cape Verde. "After the Declaration of Salt has been released, the Deputy Prime Minister and also Minister of Finance of Cape Verde, Olavo Correia, will close the meeting", reads the statement.

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