Sierra Leone calls for $1 billion AU Peace Fund
By the AFREEQUE newsroom, based on Sierra Loaded
Sierra Leone has asked the African Union to endow its Peace Fund with $1 billion and impose a firm timetable on member states for collecting the 0.2% import levy. The Sierra Leonean delegation presented these proposals at the 27th extraordinary session of the AU Executive Council, according to Sierra Loaded.
Sierra Leone has proposed increasing the African Union Peace Fund’s endowment to $1 billion to strengthen funding for peace operations across the continent. The proposal was presented by the Sierra Leonean delegation at the 27th extraordinary session of the African Union Executive Council, according to Sierra Loaded.
Freetown is also calling for a regular mechanism to replenish the fund’s resources, to limit its reliance on interest income alone. The delegation further called for smaller economies and countries emerging from conflict to be more closely involved in mobilising capital.
On the African Union’s general financing, Sierra Leone is proposing a binding timetable for all member states to implement the 0.2% import levy. It is also calling for the annual publication of national contributions and for the contribution ceiling to be indexed to inflation, according to Sierra Loaded.
