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German G20 Presidency

Successful G20 conference in Berlin supports new partnership with Africa


Minister of Finance Wolfgang Schäuble, Federal Chancellor Angela Merkel and Development Minister Gerd Müller at the conference "G20 Africa Partnership – Investing in a Common Future" in Berlin

14.06.2017 |

BERLIN – Three weeks before the G20 summit in Hamburg, Africa was, for the first time, high on the G20 agenda. Nine African heads of government, numerous ministers, and the heads of the World Bank, the International Monetary Fund and the African Development Bank gathered with Federal Chancellor Angela Merkel, Minister of Finance Wolfgang Schäuble and Development Minister Gerd Müller in Berlin to discuss issues of central importance for the continent’s future and talk about forging a new partnership between the 20 most important industrialised and emerging countries and Africa.

The "Compact with Africa" Initiative is a core element of that partnership, alongside concrete development initiatives to promote rural youth employment and digital education for girls. The Compact is aimed at building investment partnerships with reform-minded African countries, with a view to improving the climate for private investment and thus creating better employment prospects. Three Compact countries will additionally enter into a reform partnership with Germany: on the margins of the conference, Development Minister Müller signed declarations of intent with Tunisia, Ghana and Côte d’Ivoire. Senegal, Rwanda, Morocco and Egypt will also be part of the Compact.

Gerd Müller explained: "Africa needs jobs for its young generation. And for these jobs, we need more private investments. In our cooperation, we will put a stronger focus on reform champions in the future. Those who successfully fight corruption and actively promote the respect for human rights and legal certainty will receive more support."

The second day of the conference featured workshops on the topics of climate and energy, digital education and development. Moreover, the Academy for Tax and Financial Crime Investigation was launched during the Africa Opportunities Forum. The Academy, which is also supported by the BMZ, will provide further training for African tax officials, enabling them to combat tax fraud more effectively in the future. There were also some interactive discussions and exchanges on the issues of trade, fiscal responsibility, remittances and employment opportunities, and an exchange of experiences with young African entrepreneurs (africaXchanger).

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