Figure of the week: The African Union introduces a new funding structure (Mariama Sow, Brookings)

The 27th African Union summit, held early last week, adopted several resolutions, one of which was to change the African Union’s funding structure. This new proposal, drafted by the former head of the African Development Bank, Dr. Donald Kaberuka, calls for a 0.2 percent levy on imports to member states with the aim of moving away from donor funding. The African Union heavily relies on foreign donors to fund its budget. In 2016, the African Union adopted a budget of $461,867,326, 41 percent of funds were provided by member states, while 59 percent were secured from international partners, notably the United States, Canada, China and the European Union.

http://www.brookings.edu/blogs/africa-in-focus/posts/2016/07/27-african-union-new-funding-structure-sow