Assembly/AU/Decl.2(XII) Page 3 14. RECOGNIZE the need to speed up the economic integration of the Continent to highlight the enormous resilience potential of the African Continent by giving concrete expression to political and economic integration; 15. INVITE the African Union Commission, in collaboration with the Regional Economic Communities, the African Union Member States and all the other stakeholders to quickly finalise the Minimum Integration Programme and diligently carry out its concerted implementation with the aim of integrating our continent politically and economically; 16. INVITE the African Union Commission to fast track and quickly finalise the preparatory work for the establishment of the African Investment Bank, the African Monetary Fund and the African Central Bank; 17. INVITE the African Union Commission to put in place an appropriate multilateral monitoring system for the continent, geared towards providing coherent statistical information on the macroeconomic and financial development of African Union Member States and Regional Economic Communities, with a view to establishing the African Central Bank leading up to the creation of a single African currency. 18. CALL for a real voice to be given to Africa in the reform of the international financial institutions aimed at better management of economic shocks and ensuring predictability of resource flows and the effectiveness of aid; 19. UNDERLINE the need for improvement of the effectiveness of aid to Africa including by removing outdated conditionalities on aid and ensuring objectivity and transparency in the determination of criteria for resource flows from international financial institutions to Africa; 20. UNDERLINE FURTHER that the current global financial crisis should not be used as an excuse to cut development assistance to Africa and insists that developed countries ought to give no less attention to the needs of African countries than they have given to their financial institutions that have encountered crisis; 21. RECALL that the international negotiations on climate change are expected to be held under the auspices of the United Nations; 22. EMPHASIZE that the Global carbon trading mechanisms that are expected to emerge from international negotiations on climate change should give Africa an opportunity to demand and get compensation for the damage to its economy caused by global warming and underlines in this regard the fact

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