African Central Bank Govs Meet To Canvass Fair Global Financial System

African Central Bank Governors will today (Thursday) converge in the city center of Abuja to push for intra African trade and change in the global financial architecture considered unfavourable to the continent.

The African Caucus primary goal is to address intra-African trade as a crucial catalyst for sustainable economic growth and to prepare input for the International Monetary Fund (IMF) and World Bank’s annual meetings to be held in Washington DC in October this year.

The African Caucus will be held in Abuja between August 1-3. at the Transcorp Hilton Hotel. This year’s meeting comes against the backdrop of a sustained campaign for a relook at the global financial system, which African Economic leaders agree favours developed economies to the detriment of developing countries, many of which are grappling with debt crises.

The 2024 African Caucus Meeting is hosted by the Nigerian Minister of Finance and Coordinating Minister of the Economy, Wale Edun, who also the Governor of the International Monetary Fund (IMF) and the World Bank Group (WBG) for the Federal Republic of Nigeria and Chair of the 2024.

.“The primary goal of the meeting is to address intra-African Trade as a crucial catalyst for sustainable economic growth and to prepare input for the IMF and World Bank’s annual meetings,” said the organisers ahead of the conference in a brief.

Among the notable keynote speakers at the Abuja meeting is Bank of South Sudan Governor, Dr James Alic Garang, who is credited with presiding over major reforms to integrate the world’s youngest country’s financial system.