Delegation of the European Union to the African Union

To Strengthen its Financial Management, the African Union Commission signed a revised Aide-Mémoire with the European Commission

25/05/2017 - 08:34
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On May 24 2017, the African Union Commission (AUC), represented by the Deputy Chairperson, Thomas Kwesi Quartey, and the European Commission (EC), represented by the Deputy Directorate-General for International Cooperation and Development (DG DEVCO), Klaus Rudischhauser, signed a revised Aide-Mémoire on Measures to Strengthen the Financial Management of the AUC.

The implementation of the Aide-Mémoire helps the AUC reach the full compliance with the requirements of an independent institutional assessment which examines key administrative processes of an international organisation, including internal control, accounting, external audit, grants, procurement, financial instruments and sub-delegation.

The compliance with the institutional assessment allows the EC to entrust its budget implementation tasks to international organisations, including the AUC. For the AUC, it means the implementation of the EU external assistance instruments addressing the priorities of the Joint Africa-EU Strategy. The Aide-Memoire also specifies the EU support to administrative capacity building at the AUC to ensure that the EU funds are implemented in accordance with international standards. It also links into the overall AU reform agenda aiming at more efficiency, accountability and transparency towards the AU Member States and International Partners.