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The African Caucus was established in 1963, with the objective of strengthening the voice of African Governors in the Bretton Woods Institutions (BWIs), i.e. the International Monetary Fund (IMF) and the World Bank Group (WBG), on development issues of particular interest to Africa. Membership to the Caucus is open to all African Countries who are members of the IMF and WBG, currently all the 54 countries on the African continent. The countries are represented by their respective Governors at these institutions, commonly referred to as the African Governors, who are usually Ministers of finance and economic development, and Central Banks Governors. Views and concerns of African Governors are conveyed to the heads of the BWIs through a Memorandum and that is done annually at the Annual Meetings of the two institutions.
The African Caucus meets twice yearly; first, in the host country of the Chairperson of the Caucus and secondly, at the venue of the Annual Meetings of the IMF and WBG.
For more information see the Guiding Principles (link to PDF).