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Home > Africa: Nepad funding nosedives

Contributor [1]
Thursday, December 16, 2004 - 02:00
Categories: 
Development [2]
Issue Number: 
187 [3]
Article-Summary: 

The African Union (AU) has voted for a fourfold increase in its budget, but cuts still have to be made to some programmes. Among areas that have been put on hold until next year is the continent-wide, anti-poverty blueprint – the New Partnership for Africa’s Development (Nepad). The AU had wanted $200 million a year to finance Nepad – in areas like road and bridge building - then cut that figure to $30 million before it was shelved. The current AU budget is $43 million, but only $27 millio...read more [4]

The African Union (AU) has voted for a fourfold increase in its budget, but cuts still have to be made to some programmes. Among areas that have been put on hold until next year is the continent-wide, anti-poverty blueprint – the New Partnership for Africa’s Development (Nepad). The AU had wanted $200 million a year to finance Nepad – in areas like road and bridge building - then cut that figure to $30 million before it was shelved. The current AU budget is $43 million, but only $27 million has been paid up.

Category: 
Governance [5]
Oldurl: 
http://www.pambazuka.org/en/category.php/development/26116 [6]

Source URL: https://www.pambazuka.org/node/26436

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[3] https://www.pambazuka.org/article-issue/187
[4] https://www.pambazuka.org/print/26436
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[6] http://www.pambazuka.org/en/category.php/development/26116