G8 Heiligendaam Summit Declaration on Growth and Responsibility in Africa

Sectors : Forced displacement, Financial Institutions, markets, services and microfinance, Domestic resource mobilisation, Investment, Health systems, medicines and regulation, Labour migration
Organisation : G8
Date made: 
2007
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Commitments in: Migration - Forced displacement

“32. We welcome the initiative “Partnership for Making Finance Work for Africa” and the work underway with the World Bank and the African Development Bank to establish it...This partnership should help us work together more effectively with a variety of new and existing initiatives such as:

... • continuing to enhance the effectiveness of remittances of Diaspora Africans to their home countries via the formal sector by pushing ahead the implementation of measures resolved at the G8 Summit on Sea Island in 2004. This includes simplifying and reducing transaction costs and improving access to financial services. On a high-level meeting in fall 2007, the G8 presidency will monitor the progress towards this goal and if necessary identify the need for additional action until the next Summit;”

Scope: 
Africa

Commitments in: Private Sector development and financial services for the poor - Investment

“32. We welcome the initiative “Partnership for Making Finance Work for Africa” and the work underway with the World Bank and the African Development Bank to establish it...This partnership should help us work together more effectively with a variety of new and existing initiatives such as:

...• encouraging African states to promote higher allocations toward domestic investment by sharing best practices about market-oriented financing schemes to open-up more options for a productive use of remittances, for example granting incentives for migrants channelling parts of their savings towards economic development in their country of origin;"

Scope: 
Africa

Commitments in: Health - Health systems, medicines and regulation

“63. …We will work with African states to address the different causes of this lack of human resource capacity within the health sector, including working conditions and salaries with the aim of recruiting, training and retaining additional health workers. We will also work with national governments as they endeavor to create an environment where its most capable citizens, including medical doctors and other healthcare workers, see a long-term future in their own countries. Furthermore, we will work with the Global Health Workforce Alliance, interested private parties, the OECD and the WHO to build the evidence base on health workforce management and international migration.”

Scope: 
Africa