Macron hosts summit on financing Africa's post-pandemic recovery


  • World
  • Tuesday, 18 May 2021

French President Emmanuel Macron and his wife Brigitte Macron welcome Angolan President Joao Lourenco, accompanied by his wife Ana Dias Lourenco, for a dinner with leaders of African states and international organisations on the eve of a summit on aid for Africa, at Elysee Palace in Paris, France, May 17, 2021. REUTERS/Gonzalo Fuentes

PARIS (Reuters) - French President Emmanuel Macron hosts African leaders and the heads of multilateral lenders in Paris on Tuesday to find ways of financing African economies hurt by the COVID-19 pandemic and discuss handling the continent's billions of dollars debt.

The summit is part of Macron's efforts to recast France's engagement in Africa, where it was once a colonial power, at a time the continent faces a near 300 billion dollar deficit by the end of 2023 while trying to recover from the downturn.

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