(Ecofin Agency) - The Biden-led U.S. administration is gradually unveiling its African cooperation strategy. The strategy focuses on strengthening democracy but, it also aims to counter Russian and Chinese influence.
The United States of America will invest US$2 billion over ten years to boost democracy and good governance in sub-Saharan Africa. The information was disclosed by State Secretary Antony Blinken (photo) during his speech in South Africa, last Monday.
The funds will be invested under the Global Fragility Act, which aims to foster peace, resilience, and inclusiveness in “places where conditions are ripe for conflict.”
Several countries are targeted by the initiative. They are notably Mozambique and West Africa’s coastal countries (Benin, Côte d'Ivoire, Ghana, Guinea, and Togo). Under “The global Fragility Act,” the U.S. will provide support in selected areas.