The United Nations Economic and Social Council, (Ecosoc) says that Africa is now ready to kick start its own model of sustainable development, as exemplified in Agenda 2063.
The Vice President of the United Nations Ecosoc, Omar Hilale, stated this at the ongoing 52nd Session of the Economic Commission for Africa, (ECA) in Marrakech, Morocco.
The event under the theme: “fiscal policy, trade and the private sector in the digital era: a strategy for Africa” is an opportunity for African ministers to discuss the fiscal policies necessary for the implementation of the African Continental Free Trade Area (AfCFTA) within the frameworks of the 2030 Agenda & Agenda 2063.
The Executive Secretary, Vera Songwe, said the ability to increase revenue collection was key to the continent’s capacity to finance its development, in particular Agenda 2030 for sustainable development and Africa’s Agenda 2063.
“The potential of Africa is, and has always been, promising. With a growing working-age population; abundant arable land and a multitude of other resources, the continent has all the pre-requisites for rapid economic transformation in the next decade,” she said.
The event which started from March 20th to 26th,2019 is also focusing on the critical role of private sector in the era of the digital economy and various issues affecting African economies