COMMUNIQUE: RETREAT OF THE COMMITTEE OF FIFTEEN MINISTERS OF

We, the Committee of Fifteen Ministers of Finance (F15), under the Chairpersonship of Honourable Ukur Yatani, Cabinet Secretary of the National Treasury of the Republic of Kenya, on behalf of Honourable Tahir Hamid Nguilin, Chairperson of the Committee of Fifteen Ministers of Finance and the Minister of Finance and Budget of the Republic of Chad, in our Annual Retreat held on 13-14 June 2022 in Ra. [...] Nadia Fettah, Minister of Economy and Finance, and the Government of the Kingdom of Morocco, for graciously hosting the Annual Retreat of the F15, including the warm hospitality and conducive environment to engage in pertinent discussions on enhancing the resilience of African economies in the face of multiple economic and social challenges and as well, hold constructive debates on the financial s. [...] AUDA-NEPAD and the AfCFTA promise multiple benefits ranging from promotion of industrialization and enhanced value-chain systems in the critical sectors of agriculture, manufacturing, energy, and services, to rapid development of infrastructure and digital technologies, human capital development and the generation of decent jobs opportunities, including its latent potential to shield the continent. [...] Commit to strengthen our collaboration with the African Union Commission and deepen engagements to support the budget and financial reforms aimed at attaining the highest fiduciary, transparency, and accountability standards in the utilization of the financial resources availed for the implementation of the various development programs. [...] Call for renewed vigour on the part of Member States to address the longstanding concerns of inequity and none-access to public services, inefficient and ineffective public institutions, and the exclusion of benefits accruing from the continent’s vast wealth of resources, all of which considerably constitute the root causes of conflicts and civil unrests that stagnate or reverse Africa’s developme.