N’Djamena, Chad – (African Boulevard News) – The French President Emmanuel Macron hosted the leaders of Chad and Gabon, President Mahamat Deby and President Ali Bongo Ondimba, ahead of the Summit for a New Global Financing Pact. The summit aims to mobilize $100 billion for the African economy.
The summit will take place in Paris and has been organized to address the challenges faced by African countries in the wake of the COVID-19 pandemic. The pandemic has had a significant impact on the economies of African countries, leading to a drop in GDP, job losses, and increased poverty.
President Macron has been at the forefront of efforts to support African countries, and the summit is part of his broader agenda to address the structural challenges that have held back African economies.
“We need to provide the necessary resources to African countries to help them fight the pandemic and rebuild their economies. This summit is a crucial step towards achieving that goal,” President Macron said.
The summit will bring together leaders from Africa, Europe, and other parts of the world, along with representatives from international organizations, including the World Bank and the International Monetary Fund.
The focus of the summit will be on innovative financing mechanisms that can provide African countries with the resources they need to rebuild their economies. The summit will also explore ways to address the structural challenges that have held back African economies, including debt, corruption, and poor governance.
President Deby and President Ondimba welcomed the summit and expressed their hope that it would lead to a new chapter in the economic development of Africa.
“We need to find new ways to finance our economies and rebuild our countries. This summit is an opportunity to do that, and we are grateful to President Macron for his leadership,” President Deby said.
President Ondimba added, “The challenges we face are significant, but with the right financing and the right policies, we can overcome them. This summit is an important step towards that goal.”
The summit for a New Global Financing Pact is expected to be a critical moment for Africa’s economic development. With the support of the international community, African countries have the potential to rebuild their economies and emerge stronger from the pandemic.
