THE PARTIES:

RECOGNISING the need for Senior African Budget Officials to cooperate and to promote improved public finance management, including budget management and budget reforms in their respective States;

ACKNOWLEDGING previous efforts by the Professional Network of Senior Budget Officials in Africa to establish a formal arrangement for sooperation between them;

RECALLING the objectives and aims of the African Union and New Partnership for Africa's Development;

CONSCIOUS of the important role played by sound public finance management procedures and practices in the promotion of economic development and good governance;

DESIRING to establish a culture of profesisonalism and mutual support among African Senior Budget Officials to promote transparency, disclosure and peer review;

CONVINCED  that the establishment of a Collaborative Africa Budget Reform Initiative will contribute to the efficacy of public finance management and improved service delivery;

HEREBY AGREE