Kinshasa, September 14th, 2021 (CPA).– The Vice-Minister in charge of Finance, O’Neige N’sele has been participating since Monday in Naples, Italy, in the G20 meeting accompanied by the First Vice-Governor of the Central Bank of Congo (BCC), in charge of monetary policy, Dieudonné Fikiri Alimasi, as well as experts from the Ministry of Finance and the BCC, learned of the CPA on Tuesday from the Ministry of Finance. According to the source, the meeting is being organized as a prelude to the 4th G20 meeting of finance ministers and central bank governors to be held from October 12th to 13th, 2021 in Washington DC, United States of America. This meeting revolves around many important issues that affect the global economy in general and Africa in particular, including efforts to tackle the COVID-19 pandemic, the trajectory of recent economic prospects, support for the most vulnerable countries, questions of international taxation and those relating to the financial sector, as well as the policies necessary for the strong, sustainable and inclusive recovery of economies.
The Deputy Minister of Finance took the opportunity to solicit, on behalf of the African Union (AU), whose Presidency is ensured by the President of the Republic, Félix-Antoine Antoine Tshisekedi Tshilombo, the commitment of member countries of the G20 to mobilize substantial bilateral and multilateral resources, in order to boost efforts to fight the COVID-19 pandemic and support rapid economic recovery in Africa.
She also urged the G20 countries to accelerate the reallocation of Special Drawing Rights (SDRs) from the International Monetary Fund (IMF), for the benefit of vulnerable countries as well as the process of restructuring the public debts of African countries. As a reminder, the G20 is a forum aimed at improving policy coordination on the main global issues. It brings together the main industrialized and emerging countries, and also invites international institutions and organizations as well as other developed, emerging and developing countries.
The Naples meeting brings together the member countries of the G20, namely the United States, China, Germany, France, the United Kingdom, Russia, Japan, South Africa, Saudi Arabia, the ‘Argentina, Australia, Brazil, Canada, South Korea, India, Indonesia, Italy, Mexico, Turkey and the European Union as well as international organizations and institutions, including United Nations, the World Bank (WB) and the International Monetary Fund (IMF). ACP/