Salim urges OAU to boost its revenue

Lusaka- Zambia (PANA) -- OAU Secretary-General Salim Ahmed Salim said Wednesday that the continental Organisation should find alternative ways to boost its revenue and stem its perennial financial woes.
He said in the Zambian capital Lusaka, where he is preparing for the OAU's 37th Summit opening next week, that diversifying the Organisation's source of revenue was imperative for its successful transformation into the African Union.
The Lusaka Summit is expected to proclaim the African Union.
The OAU, founded in 1963 to foster African unity, mainly relies on annual contribution by its 54 member States to finance its operations.
But this has proved inadequate with most countries also in arrears.
In what is now assuming a common practice, the OAU Tuesday imposed a range of sanctions on 15 debtor-member States, barring them from voting, among other restrictions, for failing to pay their dues for more than two years.
The Organisation is owed a total of 46.
6 million US dollars in contribution arrears by members, more than its annual budget of between 29 million and 32 million dollars.
But Salim, who says he is not seeking re-election after three consecutive five-year term, did not suggest any alternative funding that would improve the OAU's finances.

04 july 2001 16:41:00

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