The Policy Center for the New South (PCNS) is set to host the second edition of the African Economic Symposium (AES) on July 11 and 12 in Rabat. The event will focus on “Fostering Africa’s Economic Transformation through Innovative Financing.”
This year’s symposium will see participation from high-ranking officials from international institutions, aiming to tackle the new challenges of macroeconomic management and emphasize the promotion of Africa’s economic transformation, according to a statement from the PCNS.
“The AES aims to become a significant annual event on the continental calendar, bringing together economists, policymakers, and academics to discuss African economic issues, with a particular focus on macroeconomic stability challenges and structural factors influencing Africa’s economic development,” said Karim El Aynaoui, Executive President of the PCNS, as quoted in the statement.
The symposium will be divided into two main parts. The first part will delve into the new challenges of macroeconomic management, including the effectiveness of monetary policy in curbing inflation while supporting economic growth, the implications of monetary tightening on financial stability, and the role of new budgetary strategies in ensuring fiscal discipline and debt sustainability.
The second part will highlight the promotion of Africa’s economic transformation through innovative financing mechanisms. Discussions will cover financing the green transition, the social aspects of development financing, policy actions to harness domestic financial potential, and the role of the international financial community in bridging funding gaps and addressing debt restructuring challenges.
Additionally, the AES will provide an opportunity to present the annual report on the African economy, which maps the economic dynamics across various scales in Africa, the statement concludes.
