The African Union (AU) Commission set to receive a grant to the tune of $11.48 million from the African Development Fund (ADF).
The approval came a few days after the 35th ordinary session of the AU Assembly which took place in Ethiopia.
The AU intends to use this grant to strengthen its governance and provide institutional support.
The grant will also contribute to Institutional capacity building for the AU Projects.
About African Union
The African Union (AU) is a continental union consisting of 55 member states located on the continent of Africa.
The AU was announced in the Sirte Declaration in Sirte, Libya, on 9th September 1999, calling for the establishment of the African Union.
It was founded on 26th May 2001 in Addis Ababa, Ethiopia, and launched on 9 July 2002 in Durban, South Africa.
The intention of the AU was to replace the Organisation of African Unity (OAU), established on 25th May 1963 in Addis Ababa by 32 signatory governments; the OAU was disbanded on 9th July 2002.
The most important decisions of the AU are made by the Assembly of the AU, a semi-annual meeting of the heads of state and government of its member states.
The AU’s secretariat, the AU Commission, is based in Addis Ababa. The largest city in the AU is Lagos, Nigeria, while the largest urban agglomeration is Cairo in Egypt.
The AU has over 1.3 billion people and an area of around 29 million kilometres squared (11 million sq mi) and includes popular world landmarks, such as the Sahara and the Nile.
The primary working languages are Arabic, English, French, Portuguese, Spanish, and Kiswahili. Within the African Union, there are official bodies, such as the Peace and Security Council and the Pan-African Parliament.
About African Development Fund
The African Development Fund (ADF) is the concessional financing window of the Bank Group that provides low-income Regional Member Countries (RMCs) with concessional loans and grants, guarantees as well as technical assistance for studies and capacity building in support of projects and programs that spur poverty reduction and economic development.
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ADF has been financing operations in its RMCs in the form of grants, loans, project preparation loans, guarantees, debt sustainability, and ADF grant eligibility (in enhanced engagement in fragile states and non-concessional debt accumulation policy since its establishment in 1974.