Experts to deliberate on pathways to economic diversification in Central Africa
Yaounde, Cameroon, January 26, 2018 (AltAfrika)–A brainstorming session dubbed “Pathways to economic diversification in Central Africa” has been scheduled for 31 January 2018 at the Hilton Hotel in Yaounde, Cameroon. Participants will deliberate on the operationalisation of the Douala Consensus.
The Consensus, reached during the 33rd Intergovernmental Committee of Experts for Central Africa (ICE2017) in September 2017, underscores the urgent need to accelerate the process of diversification of Central African economies through the promotion of industrialisation based on natural resources – especially agriculture and driven by trade and urbanisation.
The Douala Consensus also argues for a paradigm shift “from a resource model for infrastructure to a resource model for industrialization (R4Id)”.
ECA affirmed its willingness to support Member States and the Regional Economic Communities of Central Africa in the implementation of the Douala Consensus
Antonio Pedro who heads the sub-regional office of the Economic Commission for Africa in Central Africa ( ECA/SRO-CA) explained that the meeting is in keeping with a promise made by the ECA during ICE2017.