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AU Unveils Bold Fiscal Plan to Cut Debt Dependence

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© Allen Dreyfus
  • Agenda 2063 proposals include diaspora bonds, e-commerce levy, and a sovereign wealth fund
  • Success hinges on political will and macroeconomic reform, economists warn

Lagos, Nigeria – The African Union Commission on Monday announced a suite of fiscal initiatives aimed at reducing Africa’s dependence on external borrowing and building a more resilient financial architecture. The measures—framed as strategic priorities under the AU’s Agenda 2063—are expected to reshape how sovereign debt is managed across the continent.

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