African Union to Use Imports Cash to Get $1.2 Billion Funds

Updated on
  • Mechanism to see 0.2% of eligible imports go toward funding
  • New funding plan will start in 2017, Rwandan minister says

The African Union agreed to use some cash paid to import goods to help raise $1.2 billion starting next year, reducing its reliance on donors such as the World Bank that provide about three-quarters of funding for its programs.

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