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3rd Session of the Specialized Technical Committee on Finance, Monetary Affairs, Economic Planning and Integration

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3rd Session of the Specialized Technical Committee on Finance, Monetary Affairs, Economic Planning and Integration

3rd Session of the Specialized Technical Committee on Finance, Monetary Affairs, Economic Planning and Integration
Photo credit: AP | Tsvangirayi Mukwazhi

The African Union Commission is organizing the Third Session of the Specialized Technical Committee (STC) on Finance, Monetary Affairs, Economic Planning and Integration in Addis Ababa, Ethiopia from 23-27 October 2017.

The STC is being organized following the postponement of the Joint Annual Meetings of the AU STC on Finance, Monetary Affairs, Economic Panning and Integration and the United Nations Economic Commission for Africa Conference of African Ministers of Finance, Planning and Economic Development that were scheduled to be held in Dakar, Senegal, from 23 to 28 March 2017. It is necessary to hold the AU STC due to the need to submit Decisions for approval by Summit in January 2018.

Participants to the Conference will be from the Ministries of Finance, Economic Planning, and Integration and Central Banks of AU Member States. Other participants will be from the Regional Economic Communities, United Nations Economic Commission for Africa, and other partners.

The Third Session of the AU STC on Finance, Monetary Affairs, Economic Planning and Integration (Ministerial segment) will take place from 26 to 27 October 2017 and it will be preceded by a meeting of experts from 23 to 25 October 2017.

The Experts’ meeting will consider the following agenda items, among others, with a view to making proposals for adoption by Summit:

  • Assessment of progress on regional integration in Africa;

  • Revised Strategy for the Harmonization of Statistics in Africa;

  • Adoption of the Pan-African Investment Code;

  • African Inclusive Markets Excellence Centre;
  • Report of the F10 Ministers of Finance on the 0.2 percent levy on imports;

  • Continental Free Trade Area;

  • Commodities strategy;

  • Digital Economy: New context of economic and financial transactions; and

  • Agenda 2063: implementation report – validation, monitoring and evaluation framework and domestic resource mobilization strategy.

Additionally, the Ministerial meeting will include a keynote speech and panel on “Growth, inequality and unemployment”.

The STC on Finance, Monetary Affairs, Economic Planning and Integration is expected to deliberate on items on the agenda and propose recommendations for approval by the African Union Summit in January 2018.

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