AU: Support Africa’s Challenges of Financial Systems

Sudan Events – Sumaya Sayed

The head of the African Union (AU) has told the conference of G20’s Compact with Africa initiative that shortcomings in the financial system hinder the mobilization of capital for African economies.
Speaking in Berlin, Azali Assoumani of Comoros asked the AU’s G20 partners to support Africa’s call for reform of the international financial architecture, and for more fair and more inclusive global economic governance.
Assoumani also called on the Compact with Africa initiative to be extended to all African countries, “for a stronger, more inclusive partnership, to the benefit of the entire continent and our continent crossed with Europe and other continents.”
The G20’s Compact with Africa initiative is being hosted by Germany with the aim of supporting African countries in their economic development. Leaders from more than a dozen African countries are taking part in the two-day conference began the two-day conference in Germany