White House pledges USD 55 billion in Africa over the next three years

White House pledges USD 55 billion in Africa over the next three years

Ahead of the U.S.-Africa Leaders' Summit, the White House has stated that it plans to devote $55 billion in economic, health, and security support for Africa in the next three years. One day before President Joe Biden hosted 50 African leaders of state as Washington competes for influence on the continent, Jake Sullivan, the White House National Security Advisor, stated that the United States wants to assist African countries in achieving their own goals.

Sullivan stated that over the next three years, the U.S. will commit $55 billion to Africa, working closely with Congress across several different sectors to overcome today's key challenges that the continent is facing.

Although Sullivan did not divulge any further details, he stated that they would be disclosed during the next three days of multilateral and bilateral talks and a dinner hosted by Biden for his African counterparts at the White House. Sullivan also noted that the leading theme for this summit will be the African Union's own Agenda 2063, and the U.S.’ plans for the continent's ecological socio-economic development.

According to reports, the summit's first substantive session, which is centered on Agenda 2063, would be presided over by the president. Sullivan stated that it is not an American document or vision but one of the African Union documents. So, the country is raising African voices and priorities at this summit.

Apparently, China and Russia, two superpower competitors, are vying with one another for influence and business opportunities in Africa, while the United States is fighting to prevent the loss of its once-dominant position in the continent.

Furthermore, Sullivan insisted that the summit was not about the countries but about what United Stated could offer. It is regarding the positive proposition of the nation and its alliance with Africa. Sullivan went on to say that the country is bringing resources to the table in significant numbers.

Source credit - https://www.koreatimes.co.kr/www/world/2022/12/501_341609.html