Fidelity bank card banner Camano banner
African Union to suspend debtor countries

By Addis Getachew and Seleshi Tessema on 19/11/2018

Views: 473

• Moussa Faki Mahamat, African Union Chairperson
• Moussa Faki Mahamat, African Union Chairperson

The African Union has decided to start imposing sanctions on member states that fail to live up to their financial commitments.

Speaking at a press conference Sunday at the conclusion of the 11th extraordinary summit of the heads of state and government of the African Union, Moussa Faki, the union’s chair, said so far only up to 50 percent of the amount expected in member state contributions is being made.

"The leaders have decided on a battery of sanctions, including the suspension of states that do not make their annual financial contributions from membership," said Faki.

"The first duty of a member state is to make its contribution," he said.

Membership financial contribution came up as part of the financial independence component of the African Union reform agenda, which also includes non-statutory payments of 0.2 percent of member states' import levies.

In addition, the reform introduced trimmed institutional structures within the African Union Commission, including cutting the number of commissioners from eight to six, according to a document seen by Anadolu Agency.

A decision was also made to transform the New Partnership for Africa's Development (NEPAD) into an African development agency and to adopt the practice of peer review -- a mechanism in which countries submit their performances for debate and review.

Rwandan President Paul Kagami, who led the reform design, told journalists: "During the extraordinary summit, a lot has been achieved, many decisions have been made."

However, he added, many remaining issues were kicked back to the next summit set for January, again in Ethiopia, the union's capital. (Anadolu)

 

Source News Express

Posted 19/11/2018 11:06:26 AM

 

 

CLASSIFIED ADS

 

You may also like...
Update: HOW SHEKAU WAS SHOT •We gave him...

Ajaokuta Steel Company is back in Nigeria’s control...

Shell seals $53 billion deal, pursues transition plan...

Senate probes DSS invasion of Ekiti Assembly

Senate constitutes Committee on constitution review

Call your National Security Adviser to order, ex-militants,...

Bauchi Governor’s wife facilitates freedom for 100 prison...

EFCC re-arraigns two for internet fraud

15 policemen escape death as herdsmen attack Olu...

NAF deploys aircraft to maintain peace in Takum...

Corruption: 3 more sponsors dump FIFA

It will be a day of thunderstorms ....

 

Latest News HAPPENING NOW: Boko Haram attacking Borno town BREAKING: Nigeria win AFCON bronze as Super Eagles fly past Tunisia Canadian regional government declares August 3 Igbo Day Presidential Election Tribunal orders INEC to produce documents requested by PDP, Atiku Oshiomhole behind Edo House of Assembly crisis: Obaseki Couple falls from 9 storey building while having sex Herdsmen: Anarchy looming in Nigeria — CAN •Calls on Ndigbo to defend themselves True confession: We don't know whereabouts of remaining Chibok girls - FG Reps ask IGP to shut down Edo Assembly Surrender or risk calamity – GOC warns insurgents Outrage over Gbajabiamila’s appointment of APGA member as aide Community leaders move against land racketeers in Uzo-Uwani Enugu

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (508,635 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (431,135 views) Shameless Genevieve Nnaji exposes breasts in public (372,950 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (316,456 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (282,027 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (246,970 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (238,830 views) 10 cars more expensive than Jets (222,556 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (220,882 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (208,434 views) Lagos plane crash: Journalist releases victims’ names (188,123 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (186,761 views)

 

NLNG Job Vacancy

CBN banner advert

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (96) Business & Economy (4,354) Business Verdict (76) Columnists (1,070) Complaints & Requests (95) Enterprise & Opportunities (211) Entertainment (635) Features (778) Global Business Monitor (395) ICT Monitor (53) International (3,719) Interview (192) Live Commentary (30) Love Matters (163) Maggie's Blog (338) News (48,727) Opinion (1,290) Pidgin (17) Politics (11,162) Religion (1,050) Sports (2,098) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera