G20 Compact with Africa ministerial meeting

September 7, 2017

The Compact with Africa (CWA) countries convened on September 6, 2017 in Accra, Ghana to express commitment and support to the Compact agenda; to provide a stocktaking of progress to date; and to outline next steps, including a peer learning framework to address common challenges over the next three years. CWA countries represented included Ghana (host), Cote d’Ivoire, Morocco, Rwanda, and Senegal. Additional countries, which aspire to join the CWA, included Benin, Burkina Faso, Gambia, and Guinea. The World Bank, African Development Bank and IMF and Germany, as G20 Presidency, also participated.

The meeting provided an opportunity for the Ministers to share experiences from their countries to and learn from each other on reforms related to increasing private investment, and in particular related to implementation of the CWA. The respesentatives of the IFIs privided overviews of the three CWA frameworks-Macroeconomic (IMF), Business (World Bank), and Financial (AfDB)-and the roles that their institutions plan to play in supporting implementation of the CWA.

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