Magazine article UN Chronicle

African Leaders Meet in Nigeria, Review United Nations Programme of Action for African Economic Recovery

Magazine article UN Chronicle

African Leaders Meet in Nigeria, Review United Nations Programme of Action for African Economic Recovery

Article excerpt

African leaders meet in Nigeria, review United Nations Programme of Action for African Economic Recovery

Efforts to implement the United Nations Programme of Action for African Economic Recovery and Development, adopted at a special session of the General Assembly in 1986, were reviewed at a conference held from 15 to 19 June in Abuja, the new capital of Nigeria. It was organized by the United Nations Economic Commission for Africa (ECA), the Organization of African Unity (OAU) and the African Development Bank.

More than 230 African and international experts, scholars, intellectuals, governmental and intergovernmental officials and policy-makers called on the world community to translate into urgent action its repeatedly expressed concern over the severe economic crisis in Africa.

In the "Abuja Statement', adopted by consensus at the conclusion of the Conference, participants made proposals designed to ease constraints inhibiting African recovery and lay the groundwork for sustained, long-term development.

By the Abuja Statement, participants declared that a comprehensive programme of social transformation, continuing democratization of African society and increased accountability of those entrusted with power were all vital elements of the recovery and development process. The measures enunciated in the Abuja Statement include the lowering of interest rates of existing debts, consideration of debt repayment in local currency, the extension within the donor community of mechanisms for protecting commodity prices, and the establishment of an African consultative machinery to enable Member States to exchange information and harmonize positions for meetings with creditors in the Paris and London Clubs--an "Africa Club', as Nigerian Chief of General Staff Augustus Aikhomu called it. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.