G-20 Finance Ministers and Central Bank Governors Meeting, April 20-21, 2017
The second G-20 Finance Ministers and Central Bank Governors (FMCBG) meeting under the German Presidency was held in Washington on April 20-21, 2017. The FMCBGs discussed issues related to the global economy and framework for growth, international financial architecture, financial sector regulation, and the Compact with Africa.
The FMCBGs reiterated their support for the Compact with Africa initiative. In addition, they:
- Welcomed the progress achieved with the investment compacts by Cote d’Ivoire, Morocco, Rwanda, Senegal and Tunisia that are being developed with the AfDB, the IMF and the WBG. Some G20 members have indicated their intention to become bilateral partners for one or more compact countries.
- Agreed to encourage private investors at home to consider investing in the compact countries. The Africa conference in Berlin on 12-13 June was welcomed as an opportunity to showcase the compacts, express an interest in bilateral partnerships, and engage with private investors.
- Noted that further interested African countries are invited to engage in a structural dialogue on the compact with the three IOs before expressing their interest to the G20 Presidency in the finance track.
- Agreed to have continuity in the initiative with the first meeting of the responsible Investment Finance Group in the margins of the IMF-WBG Annual Meetings 2017.