Italy unveils $6bn plan to strengthen partnership with Africa
TLDR
- Italy announces $6 billion plan for African development during Italy-Africa summit
- African Development Bank Group President and 25 African leaders attend the summit
- Italy aims for a new partnership with Africa, emphasizing cooperation and equal relationships between the two regions.
The government of Italy has revealed a nearly $6 billion plan to support African development during a one-day Italy-Africa summit held in Rome. African Development Bank Group President Dr. Akinwumi Adesina was present at the summit, along with 25 African leaders and European Union officials.
The summit occurred as Italy assumed the Presidency of the G7 and a few weeks ahead of the 37th Ordinary Assembly of the African Union in Addis Ababa. Italian Prime Minister Georgia Meloni emphasized the desire for a new partnership between Italy and Africa, envisioning a cooperative relationship among equals, free from imposition or charitable attitudes.
Meloni highlighted Italy's natural inclination to serve as a bridge between Africa and Europe, emphasizing the importance of considering the future with Africa playing a pivotal role.
Key Takeaways
The Italian government's plan, involving investments, credits, gift operations, and guarantees for various projects across Africa, was met with discontent from African leaders at the Italy-Africa summit. The plan includes initiatives such as constructing a training center on renewable energy in Morocco, education projects in Tunisia, and other endeavors in Algeria, Mozambique, Egypt, the Republic of Congo, Ethiopia, and Kenya. African leaders expressed dissatisfaction, stating that they had not been consulted during the formation of the plan. Italy's financial contribution to the initiative will be sourced from the Italian climate fund and the country's development cooperation fund. The intended benefits for Italy include a reduction in irregular migration from African nations and assistance in mitigating Europe's (particularly Italy's) reliance on Russian oil. The discontent among African leaders underscores the importance of inclusive and consultative approaches to development initiatives that involve multiple nations.
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