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C-10 meeting will review evolution the global economy and progress on the G20’s commitments on Africa
The Committee of Ten (C-10) of African finance ministers and central bank governors will hold its next meeting on 19 April, 2012, on the sidelines of the Spring Meetings of the World Bank and the International Monetary Fund in Washington DC. The African Development Bank president, Donald Kaberuka, will head his institution’s delegation and he will deliver a speech at the opening ceremony.
The C-10 meeting will focus on two important issues: recent developments in the global economy and international markets and their impact on Africa on the one hand, and on the other, the progress on the implementation of the G20’s promises and commitments on Africa.
The G20 summit, held in November 2011 in Cannes, France, held that the grouping was "committed to addressing the major challenges facing developing countries, particularly low-income countries, to build growth and build resilience based on knowledge and added value. "
On the whole, African economies have enjoyed positive growth over the last decade. However, the integration of Africa into the global economy is relatively small compared to other developing regions. This could be an obstacle to long-term economic growth in the region.
The C-10 was established at a meeting of ministers and governors held in Tunis in November 2008. The committee was established and sponsored by the African Development Bank, United Nations Economic Commission for Africa, and the African Union Commission (AUC).
The committee held its last meeting in October in Cairo.