IMF Conference

The European Commission (EC) and the International Monetary Fund (IMF) will host the Eleventh African Fiscal Forum on March 21-22, 2022.

 

Since the COVID pandemic erupted, sub-Saharan Africa has been particularly hard hit by “shocks on top of shocks”, and the environment remains very uncertain with little prospect that countries will exit these stressed conditions any time soon. Going forward, adapting to climate change is becoming a more urgent priority as extreme droughts and floods are worsening food insecurity and undermining growth and development prospects. But building resilience takes time, capacity, and money, which sub-Saharan African countries lack. The Forum will explore ways to strengthen resilience through improvements in social policies and investment in the energy transition in the context of constrained fiscal resources. In particular, the Forum will discuss the issues around using targeted and temporary fiscal measures as the first best response to shocks, while at the same time addressing longer-term issues around mitigating a key source of vulnerability – climate change. 

 

Participants to this virtual forum will include African ministers and policymakers, bilateral partners and multilateral institutions, and  representatives of civil society.

The opening roundtable discussion on March 21 will be livestreamed on this webpage in English and French. Technical sessions on March 22 are by invitation only.