This archive report was first published on 10 December 2019.
On December 10, 2019, Kenya pledged Sh50.8 million to the African, Caribbean and Pacific Group of States' (ACP) new endowment fund.
The ACP established the fund to promote the sustainability of the group's activities.
President Uhuru Kenyatta, who took over as the ACP leader from Papua New Guinea's Peter O'Neill, expressed optimism that the proposals made at the ACP Summit would transform the region if implemented.
Kenya joins Papua New Guinea and Ghana in supporting the initiative, with a board drawn from member states to manage the funds.
President Kenyatta emphasized his commitment to protecting and promoting the region's interests during his three-year term.
He stated, 'I will be seeking to ensure that we are incorporated into the global economy. We are not looking for dependency because what we want are agreements that ensure a win-win situation for all partners.'
Barbados Prime Minister Mia Mottley also emphasized the need for member states to shift their economic development focus from raising the gross domestic product to ensuring that ordinary citizens feel the impact of the growth.
