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Leaders converge on Cape Verde for Africa’s financial wellness

By Cornelius Essen, Abuja
03 December 2021   |   2:43 am
Heads of State and senior policymakers are sharing perspectives on reshaping Africa’s development financing models at the 2021 African Economic Conference
Cape Verde

[FILES] Cape Verde | My Guide Cape Verde

Heads of State and senior policymakers are sharing perspectives on reshaping Africa’s development financing models at the 2021 African Economic Conference, which kicked off yesterday in Cape Verde.

Addressing the gathering, the host nation’s Deputy Prime Minister/ Minister of Finance, Olavo Correia, explained that the forum would offer an important moment to chart the continent’s development course and mobilise domestic resources to create modern and efficient fiscal and tax systems.

Correia said it has become more imperative in the wake of the COVID-19 pandemic, adding, “this is equally an opportune time to explore ways to fight tax evasion, fraud and other offences that drain resources.”

Contributing to the agenda, Raymond Gilpin of the United Nations Development Programme (UNDP) Regional Bureau for Africa, noted: “The COVID-19 pandemic has taught us that business as usual will lead to failure. This conference provides the space to look at innovative solutions and sustainable options that are available to financing development for African countries.”