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Thursday, 23 February 2017

5th Africa Fiscal Forum in Yaoundé 7-8 February

The Africa Fiscal Forum encouraged peer learning and South-South sharing of experience and was an excellent opportunity for dialogue with partners of EU budget support. The 5th Africa Fiscal Forum took place in Yaoundé, Cameroon, on 7-8 February, organised by the Government of Cameroon, the International Monetary Fund and the European Commission. It brought together senior officials from Ministries of Finance of more than 30 countries in Sub-Sahara Africa. Officials from DG TAXUD and DEVCO participated in the event and the EU Ambassador to Cameroon gave an opening speech. Under the heading of "Fiscal Policy under Stress" participants discussed issues related to adjustment to large falls in commodity prices, finding the right balance between spending to close the infrastructure gap and fiscal consolidation to avoid new debt crisis, mobilising more domestic resources and strengthening public investment management. The Africa Fiscal Forum encouraged peer learning and South-South sharing of experience and was an excellent opportunity for dialogue with partners of EU budget support. As the Minister of Finance of Cameroon put it in his closing remarks: "if there is a guiding principle for us it is Collect more, spend better".

Source: European Commission