African Union weighs financial capacity against impact of COVID-19 and Ukraine crisis.

The African Union is convening a High Level Retreat to evaluate and explore avenues to enhance the financial sustainability of the African Union, following the adverse effects of the COVID-19 pandemic and the Ukraine crisis on the economies of its member states. The Retreat of the Committee of Fifteen Ministers of Finance (F15) is scheduled for the 13^th to 14^th June 2022 in Rabat, Morocco, to devise innovative bounce-back strategies that address the growth prospects of the Continent, in view of adverse fiscal challenges affecting the ability of member states to not only meet the needs of their population, but also their financial obligations to the African Union.