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  1. 1. AFRICAN UNION UNION AFRICAINE UNIÃO AFRICANA Addis Ababa, Ethiopia. P. O. Box 3243 Telephone: 5517 700 Fax: 5511299 Website: www. africa-union.org DIVISION OF COMMUNICATION AND INFORMATION PRESS RELEASE No. 240/2009 African Union: Experts Meet Ahead of the Extraordinary Conference of African Ministers of Economy and Finance Addis Ababa, December 14, 2009 – African Experts in the domain of Economy and Finance converged at the headquarters of the African Union Commission (AUC), today, Monday 14 December 2009, within the framework of the Extraordinary Conference of African Ministers of Economy and Finance (CAMEF) scheduled for Thursday 17 December 2009. The opening ceremony of the Experts meeting was chaired by Dr, Maxwell Mkwezalamba, Commissioner for Economic Affairs of the African Union. The objective of the Conference, amongst others is to identify through consultations with Member States, alternative sources of financing the African Union, to agree and adopt the roadmap for the development of microfinance in Africa. The Experts are also expected to adopt the Annexes to the Statute establishing the African Investment Bank, given the importance of the sector in economic development as well as in poverty alleviation. In his speech, Commissioner Mkwezalamba recalled the items on the agenda saying that, contributions from Member States and funds allocated by the partners is essential for the alternative funding of the African Union. He said the outcome of this Expert meeting is crucial as it will contribute to attainment of the Millennium Development Goals (MDGs). After the introductory remarks by Dr. Rene Kouassi, Director of Economic Affairs of the AU Commission, to on the agenda of the Expert meeting was the consideration of the Annexes to the Statutes of the African Investment Bank; the Scenarios for mobilizing alternative sources of financing for African Union projects and programs as well as the Road Map for the development of Microfinance in Africa. The Expert will then submit their report to the Conference of African Ministers of Economy and Finance, whose outcome will be submitted to the African Union Assembly Head of States and Government billed for January/February 2010 for decisions. Worth recalling that, Following the adoption of the Protocol on the establishment of the African Investment Bank by the African Union Assembly in February 2009, the Joint AUC/ ECA Conference of African Ministers of Finance, Planning and Economic Development held in Cairo in June 2009, endorsed the Statute, which was adopted by the Assembly of the African Union Heads of State and Government in Sirte, Libya, that took place from 1-3 July 2009. Division of Communication and Information. African Union Commission E mail: dinfo@africa-union.org Fax 251 11 5511299
  2. 2. The Assembly requested that annexes relating to subscription formula and member contributions, voting rights pertaining to decisions of the General Assembly and Board of Directors, and table of subscriptions, be prepared and validated by Experts before being sent to the Extraordinary CAMEF. The Experts meeting ends on Wednesday 16 December 2009. For more information, consult the AU website: www.africa-union.org. Attached is the work Program and Agenda of the CAMEF Expert meeting JOURNALISTS ARE INVITED TO COVER THE EVENT. For any interview arrangements, contact person: Esther Azaa Tankou Division of Communication and Information African Union Commission Mobile: +251 911 3611 85 E-mail off: yamboue@africa-union.org / esthertankou@yahoo.com Division of Communication and Information. African Union Commission E mail: dinfo@africa-union.org Fax 251 11 5511299
  3. 3. AFRICAN UNION UNION AFRICAINE UNIÃO AFRICANA Addis Ababa, ETHIOPIA P. O. Box 3243 Tel. : 011-551 7700 Fax : 011-551 7844 website: www. africa-union.org Extra-Ordinary Conference of African Ministers of Economy and Finance Experts Meeting, Addis Ababa. Ethiopia DRAFT AGENDA EXPERTS MEETING 14 – 16 December 2009 1. Opening of the Conference 2. Election of the Bureau 3. Adoption of the Draft Agenda 4. Presentation and Discussions on Alternative Sources of Financing the African Union 5. Presentation and Discussions on the Annexes to the Statute of the African Investment Bank 6. Presentation and Discussions on the Roadmap for the Development of Micro- finance in Africa 7. Any Other Business - Report of the Joint AUC/World Bank Working Session on the Formulation of a Strategic Framework and Action Plan for Enhancing Engagement of Africa with the World Bank Group: Livingstone, Zambia, 1-3 September 2009 - Others 8. Consideration and Adoption of Draft Report of the Experts Meeting and Major Recommendations 9. Closing of the Meeting Division of Communication and Information. African Union Commission E mail: dinfo@africa-union.org Fax 251 11 5511299
  4. 4. DRAFT PROGRAMME OF WORK EXPERTS MEETING 14 – 16 December 2009 Monday, 14 December 2009 08:30 – 09:00 Hours: Registration of Participants 09:00 – 09:20 Hours: Opening of the Conference • Introductory Remarks by Dr. Rene Kouassi, Director of Economic Affairs, AUC • Opening Remarks by H.E. Dr. Maxwell Mkwezalamba, Commissioner for Economic Affairs, AUC 09:20 – 09:30 Hours Election of the Bureau 09:30 – 09:40 Hours: Adoption of the Draft Agenda 09:40 – 10:00 Hours: Coffee/Tea Break 10:00 – 10:45 Hours: Presentation of the Study Report on Alternative Sources of Financing the African Union 10:45 – 13:00 Hours: Discussion on the Study Report on Alternative Sources of Financing the African Union 13:00 – 14:30 Hours: Lunch Break 14:30 – 15:15 Hours: Presentation of the Annexes to the Statute of the African Investment Bank 15:15 – 16:15 Hours: Discussion on the Annexes to the Statute of the African Investment Bank 16:15 – 16:30 Hours: Coffee/Tea Break 16:30 – 18:00 Hours Continuation of discussion on the Annexes to the Statute of the African Investment Bank Tuesday, 15 December 2009 09:00 – 09:45 Hours: Presentation of the Study Report on Micro-finance 09:45 – 11:00 Hours: Discussion on the Study Report on Micro-finance Division of Communication and Information. African Union Commission E mail: dinfo@africa-union.org Fax 251 11 5511299
  5. 5. 11:00 – 11:15 Hours: Coffee/Tea Break 11:15 – 12:30 Hours: Continuation of the discussion on the Study Report on Micro- finance 12:30 – 13:00 Hours: Any Other Business 13:00 – 14:30 Hours: Lunch Break 14:30 – 18:00 Hours: Preparation of the Report Wednesday, 16 December 2009 09:00 – 13:00 Hours: Preparation of the Report 13:00 – 14:30 Hours: Lunch 14:30 – 15:00 Hours: Presentation of the Draft Report of the Experts Meeting 15:00 – 16:45 Hours: Discussions and Adoption of the Draft Report of the Experts Meeting 16:45 – 17:00 Hours: Coffee/Tea Break 17:00 – 17:30 Hours: Closing of the Meeting • Wrap up by the Chairperson of the Bureau of the Experts Meeting • Closing Remarks by H.E. Dr. Maxwell M. Mkwezalamba, Commissioner for Economic Affairs, AUC Division of Communication and Information. African Union Commission E mail: dinfo@africa-union.org Fax 251 11 5511299

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