INTRODUCTION: The first Afro-Arab summit ended in Cairo, the Egyptian capital, at the beginning of March with agreement on closer economic and political links.
INTRODUCTION: The first Afro-Arab summit ended in Cairo, the Egyptian capital, at the beginning of March with agreement on closer economic and political links. The Arab nations promised they would increase their aid to African national through the African Development Bank and the Arab Bank for Economic Development in Africa (ABEDA). The Director-General of ABEDA, Mr. Chedly Ayari, held talks in Senegal on Wednesday (16 March) on the implementation of the summit's agreements.
SYNOPSIS: Senegal's Minister of State for Finance and Economic Affairs, Mr. Babacar Ba, and the country's Foreign Minister Mr. Assane Seck, represented Senegal at the discussions with the delegates from ABEDA. African nations at the Afro-Arab summit saw an increase in Arab aid as one of their prime objectives. Mr. Babacar stressed the importance of the agreement that was reached on increased finance for ABEDA.
A commission was set up by the Afro-Arab summit to monitor the economic and political agreements. The conference also agreed that a ministerial meeting should be held every 18 months of members of the Organisation of African Unity (OAU) and the Arab League. The ministers were to review any development in their regions.
After Mr. Babacar, the delegates at the Dakar meeting were addressed by Mr. Ayari. Most of the Arab aid will be coming from oil-rich Saudi Arabia, but also backed by Kuwait, Qatar and the United Arab Emirates. Much of the money will be used to finance development projects throughout Africa. The increased Arab aid will give a boost to African efforts to achieve a greater self-sufficiency and full use of natural resources.