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19 African economic policy institutes join forces to amplify Africa’s voice on global financial architecture.
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Focus on critical challenges, including development finance, debt, and climate finance.
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Monthly meetings result in concrete policy recommendations for African leaders.
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Latest policy brief for the AU Summit in Addis Ababa (February 15-19) urged African-informed definitions for climate loss and damage, new debt restructuring mechanism, and capital adequacy of multilateral development banks.
The Amplifying Africa’s Voice initiative is expanding its reach to deepen engagement and knowledge sharing across Africa. The initiative brings together a network of 19 African economic policy institutes to address global financial architecture challenges, including development finance, debt, climate finance, and reforms of international financial institutions (IFIs).
The new institutes include the Policy Studies Institute (Ethiopia), Nkafu Policy Institute (Cameroon), IPAR Senegal, the Zambian Institute for Policy Analysis and Research, the Economic Research Forum (Egypt) and Institut Arabe des Chefs d’Entreprises (Tunisia).
The Amplifying Africa’s Voice initiative is implemented jointly by the African Center for Economic Transformation (ACET) and the Finance for Development Lab (FDL). It supports a process of engagement, knowledge sharing, research, and advocacy with a select group of African economic policy institutes and thought leaders. This process will lead to a better understanding of, and appreciation for, global financial architecture challenges such as development finance, debt, climate finance, and reforms of international financial institutions. It will also lead to African-led analysis, research, and perspectives that will be translated into policy briefs for African leaders and advocacy content. Likewise, such engagement will provide opportunities for global experts and African experts to share ideas, comment on research, and identify solutions.
Each month, policy institutes address a technical issue. In January, the focus was on the reforms of the multilateral development banks (MDBs). The outcome of this discussion was a policy brief for African Heads of State, presented at the African Union Summit in Addis Ababa, held from February 15-19. The policy brief recommended positions on the capital adequacy of the MDBs, African-informed definitions for climate loss and damage, and the need for a new debt restructuring mechanism.
The Amplifying Africa’s Voice initiative ultimately seeks to ensure that African perspectives and positions influence decision-making on the global stage that has a direct impact at the country level.
NOTES TO THE EDITORS:
About ACET:
The African Center for Economic Transformation (ACET) is an economic policy institute supporting Africa’s long-term growth through transformation. We produce research, offer policy advice, and galvanize action for African countries to develop their economies, reduce poverty, and improve livelihoods for all their people. We are the pre-eminent African organization advancing African solutions to African challenges.
For more information on ACET and its work, please visit our website at www.acetforafrica.org.
About FDL:
The Finance for Development Lab is an independent non-profit, non-partisan think-tank launched in June 2022 in Paris and dedicated to building a fairer and more effective architecture for international finance. Acting as a hub for policy discussions, the Lab collaborates with think tanks, researchers, and other key stakeholders across the Global South to generate constructive ideas, craft innovative proposals, and influence global policymakers, with a particular focus on G20 countries and Bretton Woods institutions. The Lab is housed at the CEPREMAP, a leading French research institute located within the Paris School of Economics.
For more information on FDL and its work, please visit our website or follow us on Twitter and LinkedIn
CONTACT:
For media enquiries:
Belinda Ayamgha, ACET, Communications Manager
Email: [email protected]
Tel: +233 (0) 268 182 817
Mai-Linh Florentin, Finance for Development Lab, Communications Director
Email: [email protected]
