o At IAFS-2 India promised soft loans of worth 5 billion US$,

o 500 million in grants

o Institution building and training fellowship to Africa

o At the IAFS-1 India had offered duty free market access to Africa’s least developed

countries

♤ Before 2015, the participation of African leaders in the summit process was done on the basis of the Banjul formula, which entailed the participation of the leaders of around 12-14 African countries, who were represented at the summit in their capacity as the chiefs of the Regional Economic Communities (RECs).