1.: GERMAN CHANCELLOR ANGELA MERKEL HOSTS G-20 PARTNERSHIP...

1.:

GERMAN CHANCELLOR ANGELA MERKEL HOSTS G-20 PARTNERSHIP CONFERENCE ON AFRICA

On June 12-13, German Chancellor Angela Merkel hosted a G-20 conference on Africa, with the theme “Investing in a Common Future.” The emphasis on investment was greatly supported by participants, especially African Development Bank President Akinwumi Adesina, who stated, “this is a great shift in mindset. Africa is a growth frontier.”

Germany, currently president of the G-20, has made Africa a priorityduring its tenure, with this conference creating an opportunity for governments and investors to discuss obstacles to investment and job creation on the continent. During the event, Merkel emphasized that an impetus for Germany’s pivot towards Africa is due to the influx of emigration out of the continent as well as security concerns and poverty reduction.

A highlight of the conference was the push on the G-20’s Compact with Africa, which emphasizes banking reforms and energy efficiency to promote job creation. The five original countries to join—Tunisia, Morocco, Senegal, Côte d’Ivoire, and Rwanda—were also joined by Ghana and Ethiopia at the conference. Germany also took the opportunity to release its “Marshall Plan with Africa,” which aims to rethink traditional donor-country relationships. Indeed, during the conference, Germany announced a planned investment of $335 million with Tunisia, Ghana, and Côte d’Ivoire as part of “reform partnerships.

https://www.brookings.edu/blog/afri...nce-and-macron-meets-west-african-presidents/

2.:

[From updated BFS]

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