The Ministers of Foreign Affairs of Member States of the European Union (EU) and the African Union (AU) concluded their 3rd Ministerial Meeting, taking stock of progress on the Joint Vision for 2030 for a renewed Partnership, adopted at the 6th EU-AU Summit in 2022. This Ministerial paves the way for the 7th AU-EU Summit, which will take place in Africa, in 2025, marking 25 years of the partnership since the Cairo Summit in 2000.
African Group Inputs for Financing for Development (FfD4) | Global Financing Framework
The African Group reaffirms the centrality of the Addis Ababa Action Agenda (AAAA) as a guiding framework for financing sustainable development. However, the existing international financial architecture does not meet the financial needs of African countries, particularly in times of crises. To achieve the Sustainable Development Goals (SDGs), the global financing system must address systemic challenges such as high debt burdens, trade barriers and financial market volatility.