African finance leaders have pledged to play their part in strengthening capacities and policies that will ensure that economies are protected from further harm of the global financial crisis.
In a joint declaration with the IMF in Dar es Salaam, the continent’s finance leaders called for action to safeguard more than a decade of economic progress, saying, tackling corruption, ensuring good governance and ceating an enabling environment for business growth, were key to all remedial efforts to be employed.
The meeting all appealed to the international community to heed the IMF’s call for increased support to respond to immediate financial needs of the poor African states mostly affected by the crisis in lost and declining trade returns and increasing commodity prices.
The African nations and the IMF also agreed to a new partnership for a concerted donor appeal and called on industrial countries to keep their promises of increased aid despite the global crisis.
"It is time for the IMF to adapt to this new era," IMF Managing Director Dominique Strauss-Kahn conceded at the end of a two-day conference.
Meanwhile, Tanzanian President Jakaya Kikwete announced that African leaders were to meet the British Prime Minister, Gordon Brown, ahead of the G20 summit to send a clear message to the group, especially as the threats of the financial crisis impact on African economies are becoming more and more evident.
He said the main message to the G20 meeting was for the industrialised nations to keep their promise for increased aid. The G20 meeting takes place on 2 April in London.
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