African countries are courting European Union members to reallocate their unused reserves at the World Bank and the IMF towards supporting cash-strapped economies that are weighed down by debt and reeling from the effects of the pandemic.

They say the reallocation, together with trade deals and an end to inequity — such as global vaccine distribution and certification — are critical to future relationships with Europe.

For more information, please see https://www.theeastafrican.co.ke/tea/business/africa-courts-eu-for-unused-world-bank-imf-reserves-3601882