AU wants financial self-reliance
June 13 th, 2015
Johannesburg - State member representatives of the African Union pledged on Thursday to seek the organisation’s financial independence. The 25th AU Summit is being held in Johannesburg. They want the AU s able to provide its own budget in 2016. The AU has committed to fund its operating budget by primarily using domestic resources. AU Executive Council President Simbarashe Mumbengegwi said that state members will finance 100% of the operating budget, at least 75% of the program budget, and 25% of its peacekeeping operation budget. The AU has been experiencing financial constraints since 1963 because its operating budget was financed from abroad. SA with Lybia, Egypt, Nigeria and Algeria provide 65% of contributions to the AU.
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