Egypt’s investment minister Sahar Nasr was announced as the new chairperson of the African Caucus on the sidelines of the World Bank meetings in Washington D.C.
Following the announcement, Egypt, the country of the new chairperson, was chosen to host the African Caucus Conference 2018.
The African Caucus comprises ministers of finance and central bank governors from all African countries. In 1963, the caucus was established with the objective of strengthening the voice of African Governors in the Bretton Woods Institutions (BWIs), i.e. the International Monetary Fund, and the World Bank Group, on development issues of particular interest to Africa.
The African Caucus meets twice yearly; first, in the host country of the Chairperson of the Caucus and secondly, at the venue of the Annual Meetings of the IMF and World Bank. The caucus provides a platform on which African countries can articulate their positions jointly and guide their development partners on Africa’s key priority areas in their development agenda.
