ACET will convene African policymakers and international development experts to explore how African governments and other stakeholders can better influence international financial institutions (IFIs) to adapt policies that ensure a global financial architecture better designed to serve the needs of Africa. This virtual, closed-door event will assess recent initiatives, including the G20-commissioned report on capital adequacy, the Bridgetown Initiative, MDB reforms, and the Loss and Damages Fund. Each of these can lead to positive change, but all must be appropriately informed by African perspectives. This can only be done effectively if African leaders have a strong and informed common position on key issues. To date, Africa’s voice has been limited in these debates. We seek to better understand why – and what can be done to support leaders and other stakeholders to influence IFIs and global actors.
The discussion will focus on four questions:
- Where are African leaders on this agenda?
- How to create a common view/position among 54 countries and AU?
- How to support “other” voices from the continent?
- What can the rest of the world do to support African governments including on absorptive capacity?
The insights from this meeting will be used, in part, for a report from ACET on the global financial architecture
