(3 Minutes Read)
The roundtable for economic transformation in West and Central Africa was co-hosted by the government of Nigeria and the World Bank Group (WBG). The roundtable was aimed at providing a forum for World Bank Governors to discuss how to make progress on ambitious priorities for development in the region.
An economic transformation of the African continent is achievable through the creation of the right conditions to turn opportunities into transformational projects in key development areas, the Minister of Finance and Coordinating Minister for the Economy Nigeria, Wale Edun, said
Speaking at the Abuja roundtable for economic transformation in West and Central Africa, recently, Edun noted that economic development could be achieved as African countries continue to confront multiple overlapping internal and external challenges.
The roundtable for economic transformation in West and Central Africa was co-hosted by the government of Nigeria and the World Bank Group (WBG).The roundtable was aimed at providing a forum for World Bank Governors to discuss how to make progress on ambitious priorities for development in the region. It also discussed how the ongoing World Bank evolution could help accelerate this progress, and how Governors can engage and support an ambitious financing and policy package for IDA21.
The roundtable also stressed the critical need to invest in resilient infrastructure across the region. In particular, accelerating electricity access, digitalization, and transportation connectivity will promote growth, increase social inclusion, and consolidate fiscal stability.
Read Also:
https://trendsnafrica.com/world-bank-usd-300-mn-support-package-for-ghanas-economic-recovery/
https://trendsnafrica.com/world-bank-approves-loans-worth-usd-1-14-bn-to-tanzania/
Participants recognized the need for strong national leadership and significant investments, primarily from the private sector. While the participants also exchanged on the benefits of financial integration, the discussion centered on the need to harmonize reforms and systems in member states as well as achieving this will require sustained political commitments and investments in the capacity of regional bodies. The roundtable was attended by representatives from Benin, Cabo Verde, Chad, Ghana, Guinea, Guinea-Bissau, Nigeria, Senegal, Sierra Leone, Mauritania and Togo.
