African leaders push for reforms to global financial architecture

Issue 502 - 18 Mar 2024 - By Jon Marks | 7 minute read

Shortfalls in financial flows, failures to deal with debt and a lack of voice in global decision-making arenas are longstanding issues that African leaders are now seeking to address, with leaders from Ghana, Kenya and Zambia setting out a blueprint for reform covering everything from UN Security Council seats to the reallocation of $100bn-worth of assets held by the IMF.

The extent to which these ambitious goals can be achieved could prove critical to Africa’s ability to finance and structure the energy transition on its terms – but the continent’s governments also need to accelerate their own reforms.

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