AU ministers discuss reducing reliance on external funding in Accra
Ministers are discussing ways to reduce the AU's reliance on external donors
South Africa's Minister of International Relations, Ronald Lamola, is spearheading his country's delegation at an African Union (AU) meeting in Accra, Ghana. The gathering, known as the 27th Extraordinary Session of the Executive Council of the AU, is focused on finding ways to lessen the organization's dependence on external funding and bolster its financial autonomy.
Phindile Kunene, the Ministerial Spokesperson for South Africa, emphasized the significance of the meeting for both South Africa and the entire continent. "This extraordinary session of the AU Executive Council, currently underway in Accra, Ghana, is critical," Kunene stated. "It addresses the urgent need to address the declining flow of funding to Africa, which has hampered the continent's development and peace efforts."
The meeting brings together ministers of foreign affairs and finance, alongside representatives from Africa's development institutions and multilateral finance organizations. The situation is dire, with the AU experiencing a significant reduction in external funding over recent years. This decline has deprived Africa of vital resources required for its ongoing development and maintenance of peace.
Written by urgent.news from SABC News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
