Balanced News: Support Africa’s call for reform of international financial architecture- AU chair tells G20

The head of the African Union (AU), Azali Assoumani, has called on the G20 to support Africa’s request for reform in the international financial system. He also urged the extension of the Compact with Africa initiative to all African countries for a stronger partnership and economic development. Assoumani highlighted that investment flows from G20 countries to African countries have not reached pre-pandemic levels, and internal investment needs in African countries remain significant. The G20’s Compact with Africa initiative aims to assist African countries in their economic growth and is being hosted by Germany.