Home > News > ‘The necessary measures to finance of the African Union have been taken’, Mauritanian Economy Minister



Mauritanian Minister of Economy and Finance, Mr. Mokhtar Ould Djay, said that his department is currently working under the instructions of His Excellency Mohamed Ould Abdel Aziz to establish the necessary regulatory and legal measures to implement the decision of the Kigali Summit on the financing of the African Union (AU).

The minister’s announcement came at the opening of the meeting of the finance ministers of the member countries of the 15 Finance Committee (15 F Committee) held on Wednesday 27 June 2018 at the Al Mourabitoune International Conference Center in Nouakchott, Mauritania, as part of the 31st AU Summit.

The minister explained, during the meeting, which was attended by the African Union Deputy-Chairperson, the Chairman of the 15F Committee and the Group’s finance ministers members of the Committee, this summit and this particular meeting would be an important building block in strengthening and promoting the building of the African Union, as the people of the continent look forward to, adding that the meeting would enable to identify the latest progress made by the African Union in its march towards the implementation of its institutional reforms and self-financing process by ensuring that African countries finance African Union activities and promote its development agenda.

Moreover, the meeting will enable to discuss the 2019 AU budget and issue the recommendations necessary to rationalize and improve the procedure of preparing and implementing the budget of the various bodies of the Union in the next stage.
The minister praised the recent achievements of the African Union in launching the African Common Air Transport Market, as well as the signing of the African Continental Free Trade Area and the Protocol to the Treaty Establishing the African Economic Community Relating to Free Movement of Persons, Right of Residence and Right of Establishment, which will help push towards further continental integration and promote regional trade and economic growth.