Africa should mobilise external financing for sustainable growth
Paris Summit on the financing of African economiesPresident Cyril Ramaphosa of South Africa arrives at the Élysée Palace and is received by President Emmanuel Macron of France (Photo: Siyabulela Duda/GCIS)
19 May 2021
To boost the prospects for a strong and sustainable recovery from the impact of COVID-19, African governments need to mobilise significant additional external financing, with the assistance of the international community, says President Cyril Ramaphosa.
The President made the remarks during his address at the Paris Summit on the financing of African economies on Tuesday, convened by French President Emmanuel Macron.
President Ramaphosa last night successfully concluded the visit where he was joined by African Heads of State and government. At the summit, they were joined by leaders of financing institutions, such as the International Monetary Fund, World Bank, Economic Cooperation and Development (OECD) and representatives of G7 and G20 countries.