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India Offers $10 Billion Concessional Credit to Africa;
Oct 31, 2015

Agenda 2063 & Delhi Declaration

India announced a concessional credit of 10 billion dollar to Africa in the next five years and a grant assistance of 600 million dollar as Prime Minister Narendra Modi strongly asked the continent to speak in "one voice" with it in pushing for UN Security Council reform and combating climate change and threat of terrorism.

In his address at the 3rd India Africa Forum Summit, India assured 41 Heads of State and Government and hundreds of senior officials from 54 African countries that India will extend all possible assistance to them including in areas of defence, security, trade and infrastructure development.

  • India also offered a grant assistance of $600 million. This will include an India-Africa Development Fund of $100 million and an India-Africa Health Fund of $10 million. It will also include 50,000 scholarships in India over the next five years.

  • India said it is committed to $7.4 billion in concessional credit and $1.2 billion in grant since the first India-Africa Summit in 2008, was creating 100 capacity-building institutions, and developing infrastructure, public transport, clean energy, irrigation, agriculture and manufacturing capacity across Africa.

  • For development works in Africa, India said it will strengthen the monitoring system to ensure effective implementation of the projects.

  • The Indian Prime Minister also announced that the summit will be held every five years, instead of the three-year interval. This is being seen as a move to ensure that projects are implemented between two summits.

Agenda 2063

In order to achieve the African Union’s vision of ‘An Integrated, prosperous and peaceful Africa, driven by its own citizens and representing a dynamic force in the global arena’, significantly more action is still required on a number of fronts.

  • Aiming to encourage discussion among all stakeholders, Agenda 2063 is an approach to how the continent should effectively learn from the lessons of the past, build on the progress now underway and strategically exploit all possible opportunities available in the immediate and medium term, so as to ensure positive socio-economic transformation within the next 50 years.

  • Agenda 2063 roadmap emphasizes the importance to success of rekindling the passion for Pan-Africanism, a sense of unity, self-reliance, integration and solidarity that was a highlight of the triumphs of the 20th century.

Still at the operational level, the possible major risks/threats and critical success factors should be discussed. These include regional political, institutional renewal and financing/resource mobilization issues, as well as the changing nature of Africa’s relationships with the rest of the world. 

Delhi Declaration


India and Africa sought a decisive push for reform of United Nations Security Council and called on all countries to ensure that their territories were not used for cross-border terrorist activities. In the Delhi Declaration 2015 adopted in the concluding session of the third India-Africa Forum Summit, India and all 54 African countries demanded urgent collective action to put in place a more representative global governance architecture.

  • The Delhi Declaration said Africa took note of India's position and its aspirations to become a permanent member with full rights in an expanded UN Security Council, calling for a decisive push in achieving "concrete outcomes" in reforming the top decision making body. Closer defence and security cooperation, will be a key pillar of India-Africa partnership. We will intensify our cooperation against terrorism and rally the world to build a common cause against it.

  • India and African countries agreed to adopt the 2015 India-Africa Framework for Strategic Cooperation and agreed on the establishment of a regular formal monitoring mechanism to review its implementation and the plan of action within the agreed timeframe.

  • The declaration said that India and Africa looked forward to finalizing an ambitious and comprehensive climate change agreement based on the principles of equity and common but differentiated responsibility.

The 10-page declaration covered a range of areas including economic cooperation, agriculture, energy, ocean economy, infrastructure, education, skills development and peace and security.

 


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