The Minister of Finance Development and Economic Planning Hon. Dr. Samura Kamara yesterday confirmed to journalists that today marks the start of a 2 days conference in Freetown of African Caucus which comprise of African Finance Ministers and Bank Governors.
He said the meeting is to strategize and discuss ways to pile pressure on advanced countries and international financial institutions like the IMF and the World Bank to increase African representation and voice at international forum so as to use such opportunity to urge the developed nations to adhere to their commitment to African countries.
Dr. Samura Kamara said the African finance Ministers and Bank Governors formed the African Caucus following the Montere Convention, Mexico in 2002.
The Caucus he went on, consists of African Countries with weak economies and the World Bank and the International Monetary Fund IMF.
He said the group meets regularly with Managing Directors of the IMF and the President of the World Bank during the annual meetings of 2 institutions to specifically discuss the latest economic challenges facing African countries and related multilateral actions.
The meeting has to some extent helped to strengthen relations among African countries and also increased voice and participation and development partnership.
The African Caucus he said usually meets in the country of its Chairman to consult and exchange ideas and experience on policy and develop a report that will be presented to heads of World Bank and IMF and Sierra Leone happens to be the current chair of the African Caucus in the person of the Minister of finance.