The annual meetings of the African Development Bank are taking place in Kigali, Rwanda on 19-23 May 2014. The South African Institute of International Affairs, in partnership with the South African Ministry of Finance, is hosting a very special side event in Kigali addressed by Deputy Director General, National Treasury, Mmakgoshi Phetla-Lekhete.
Venue: Stipphotels Kiyovu, Kigali, Rwanda
Date: 21 May 2014
Time: 18h30 for 19h00
South Africa is the only African country that is a member of both the Group of 20 (G-20) and the Brazil-Russia-India-China-South Africa (BRICS) grouping. This always raises issues of African interests and how well they are represented within these groupings, especially as the G-20 still remains one of the most influential global forums for economic policy coordination, while the BRICS seems to be increasing both in global relevance and its African footprint. The current discourse on Africa’s economic growth and development places emphasis on how Africa is the next big opportunity especially in light of its growing economic potential. The conversation has centred mainly on how Africa can grow trade and investment in order to facilitate economic growth and development. Key to this is how to facilitate the growth and development of African economies within the context of other issues such as sustainable debt levels, engagement with emerging economies, tax and capital flight, corruption as well as natural resource management and governance, etc. This discussion session will interrogate these issues as they relate to both the G-20 and BRICS agenda as well as how South Africa is using these platforms to further Africa’s development concerns.