The 2024 Africa Caucus was held in Abuja, Nigeria from 1 to 3 August. The African Governors of the International Monetary Fund and the World Bank Group (also known as the Bretton Woods Institutions or BWIs) convened to discuss the theme of “Facilitating Intra-African Trade, Catalyst for Sustainable Development in Africa.” In order to boost intra-African trade, the Governors formally requested the BWIs’ support in accelerating digitalisation, energy access and connectivity, leveraging partnerships with multilateral development banks (MDBs) and implementing reforms to the global financial architecture. The Abuja Declaration outlines specific areas for assistance, such as integrating climate-resilient and adaptive measures in development projects, implementing the five-year Energy Action Plan for Africa (EAP), the removal of policy constraints on private investments and a more inclusive international tax convention.
