AFRICAN VOICES INTERNATIONAL
AFRICAN VOICES INTERNATIONAL
February 20, 2025 at 12:22 AM
🥁🥁|| *AFRICAN VOICES INTERNATIONAL TALKING DRUMS* || 🥁🥁 🪘🪘 *CONCESSIONAL FUNDING, A RIGHT STEP FOR THE AFRICAN ANATOMY* 🪘🪘 The call by African leaders during the Covid 19 era to provide an internal source of financing has been reached with a deal being facilitated by the African Union through the African Development Bank, known as the African Financial Stability Mechanism. African leaders in the midst of economic decline in their countries, have decided to provide loans through the Continental Financial Stability Fund, to countries in need of financial assistance at cheaper and better negotiations. The Mechansim has its roots in African Union's role of enhancing economic viability within the sister countries. This began in 2008 when the African Union endorded the African Monetary Fund. Since 2020, the mechanism has begun providing assistance for member countries. The SECRETARIAT of *AFRICAN VOICES INTERNATIONAL* hails the development of this initiative as a laudable one towards revamping broken and dilapidated economies. *AFRICAN VOICES INTERNATIONAL, FREEDOM IN AFRICA*
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