African Business June 7th 2022 • Africa • EconomyThe ECA Secretariat has proposed that the theme for 55th session of the Committee of Experts (CoM) will be ‘Fostering Africa’s recovery and transformation to reduce inequality and vulnerability’. A member state can submit a proposal to host the conference or change the theme if it so wishes. “We have talked a lot about the inequalities and the vulnerabilities that our economies are facing because of where we are now,” Karingi said. The ECA’s 2021 economic report on Africa showed that inequality has increased in Africa during Covid-19, highlighting the need to comprehensively address the multitude of issues facing the continent. “The way forward for African countries is to put in place integrated national financing frameworks that promote reliance on domestic resources, thereby expanding the policy space for reducing inequality and vulnerability,” the ECA said.

Source: The North Africa Journal June 07, 2022 12:46 UTC