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.
Africa’s Free Trade Area Opens For Business
The formal start of trading was given the official go-ahead at an extraordinary meeting in December 2020 where AU member states called on “women, youth, businesses, trade unions, civil society, cross border traders, the academia, the African Diaspora and other stakeholders to join them as governments in this historic endeavor of creating the “Africa We Want” in line with the Agenda 2063.