Among the main decisions arisen during the 37th AU summit held from 15th January to 18th February 2024 in Addis Ababa, Ethiopia, there is the launch of an Alliance for African Multilateral Financial Institutions (AAMFI), also called "Africa Club". AAMFIs are a group of African-owned and African-controlled financial institutions that were created to support investments and financing needs of African States. They include the African Export Import Bank (AfreximBank), the Trade and Development Bank (TDB), the Africa Finance Corporation (AFC), the African Reinsurance Corporation (Africa-Re) and the African Trade and Investment Development Insurance (ATIDI). All these institutions are owned and participated by African states and play an important role on financing and investment in Africa, by supporting African states’ debt during recent times of crisis. So far, however, they have acted independently from each other. The idea is to create a structure that can coordinate the actions of all these institutions so that they can work in a concerted manner.