African Union Commission (AUC) Chairperson This Afternoon Received H.E. Mr. František Ružička, Deputy Secretary-General Of The Organisation For Economic Co-Operation And Development (OECD)
The Chairperson of the African Union (AU) Commission, H.E. Mahmoud Ali Youssouf this afternoon received H.E. Mr. František Ružička, Deputy Secretary-General of the @OECD to explore ways of establishing a stronger, more inclusive&mutually beneficial AUC–OECD partnership.
Their deliberations focused on finalizing a Memorandum of Understanding (MoU) with clear priorities, governance arrangements&timelines, aligned with the AU's integration agenda.
The Chairperson underscored the importance of reshaping global investor perceptions of Africa, strengthening macroeconomic stability&mobilizing the continent's vast domestic resources, including pension funds, equity&private capital, to finance Africa's development priorities.
He emphasised that Africa must move beyond exporting raw commodities to capture greater value through local processing, industrialisation&stronger intra-African trade. He also called for addressing unilateral regulatory measures&standards that risk constraining African exports, particularly value-added products,&for strengthening Africa's voice in global economic governance, including the G20&the reform of the international financial architecture.
They both highlighted opportunities for cooperation in trade facilitation, digital transformation, investment, data-driven policymaking&the sharing of international best practices. They also stressed that infrastructure investments must be accompanied by policies that promote connectivity, mobility&effective utilisation to generate sustainable economic returns.
The Mr. Ružička assured of the Organisation's commitment to evidence-based policymaking, stronger engagement with African institutions&structured cooperation to help improve investment conditions, facilitate market access&mobilise private capital. He welcomed the launch of the Africa Credit Agency.
The Chairperson emphasised the importance of a forward-looking partnership grounded in mutual trust, African priorities&practical outcomes, supporting regional integration, economic resilience&sustainable development across the continent.
Distributed by APO Group on behalf of African Union (AU).
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