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Africa Financing Summit in Paris Ends With Calls for Funding, Vaccines

Africa Financing Summit in Paris Ends With Calls for Funding, Vaccines

Voice of America
Wednesday, May 19, 2021 12:50:39 AM UTC

PARIS - A Paris summit on supporting African nations hard-hit by COVID-19's fallout wrapped up Tuesday with sweeping calls for massive financial and vaccination support for Africa — and a broader sea change in relations between donor nations and the continent. 

French President Emmanuel Macron called earlier for a new deal for Africa. Among the goals he and other leaders outlined were doubling COVID-19 vaccination targets for Africa by the end of 2021 under the COVAX vaccine-sharing scheme; persuading International Monetary Fund member states to triple so-called special drawing rights monetary reserves for Africa to $100 billion; and giving Africa the ability to produce and distribute COVID-19 shots at home.   Macron said this moment could be seized to respond to broader, long-standing — and, so far, unaddressed — challenges facing Africa. He said an economic and strategic new deal with Africa would not happen overnight, but the talks had triggered a new dynamic.   The same message was heard from Senegal's President Macky Sall. He said a paradigm shift is under way in Africa's relationship with richer nations — from having programs imposed on it to co-constructing what is needed. That offers hope, he said, because Africans know their problems better than anyone.  
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