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Africa To Receive $100B Boost Following Paris Summit

Chairperson of the AU and DRC President Felix Tshisekedi with French President Emmanuel Macron. Paris Summit resolves to provide 100B usd for fight against COVID-19 consequences on African economies.
Source: DRC Presidency

 

The African Union (AU) Chairperson Felix Tshisekedi has on Tuesday welcomed the first objective of the Paris Summit, which he says is to provide US$100 billion to assist the continent shrug off effects of the coronavirus pandemic on its economy.

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Speaking following the close of the Summit, Tshisekedi said the deal proposed by France is expected to kick start economic recovery of the continent after the pandemic.

 

French President Emmanuel Macron said that the Paris Summit on the financing of African economies is a summit of urgency in response to the pandemic.

 

African leaders and the heads of multilateral lenders met in Paris on Tuesday to find ways of financing African economies hurt by the COVID-19 pandemic and discuss handling the continent’s billions of dollars in debt.

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Written by PH

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