Participants at the just ended Summit on the Financing of African Economies in Paris, France have called for a collective action to build a substantive financial package to invest and address the financing needs of African governments to support economic recovery.
In a communiqué released by the French presidential office after the summit, organizations like Africa50 were called upon to support capacity development for planning and preparation of key infrastructure projects and foster the emergence of bankable projects. It said for a successful post-pandemic economic recovery, there must be greater mobilization of domestic resources to finance key public policies for inclusive sustainable growth in education, health, infrastructure, and social protection.
The summit was attended by Heads of State and representatives of 29 African countries, French President Emmanuel Macron, Managing Director of the International Monetary Fund Kristalina Georgieva, the Chairperson of the African Union H.E. President Felix-Antoine Tshisekedi, the Chairperson of the African Union Commission Moussa Faki Mahamat and the President of the African Development Bank Group Dr. Akinwumi Adesina.