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The role of African Multilateral Financial Institutions in catalyzing sustainable economic development in Africa: Opportunities and Challenges
October 22 @ 2:00 pm - 3:30 pm
Free
With only six years remaining to achieve the Sustainable Development Goals (SDGs), Africa requires an estimated $1.3 trillion annually to meet these targets. Unfortunately, current progress falls far short as countries face pressing challenges like debt distress and climate change impacts. For the continent to fully unlock its economic potential and address these challenges, access to adequate and sustainable development financing is crucial.
Building up on this efforts on October 22nd Africatalyst ,the Alliance of African Multilateral Financial Institutions (AAMFI) and The African Union will jointly convening a high-level side event on the sidelines of the Annual Meetings of the International Monetary Fund and the World Bank Group under the theme “ The role of African Multilateral Financial Institutions in catalyzing sustainable economic development in Africa: Opportunities and Challenges”.
Bringing together key stakeholders, including policymakers, financial institutions, investors, economists, and financial experts, the event will explore strategies, challenges, and opportunities to access global capital for viable public and private sector projects that will ultimately drive inclusive and sustainable development across the continent.
The event will also focus on:
- Highlighting the urgent need for development financing in Africa and its transformative impact on infrastructure, human capital, climate resilience, and public and private sector development.
- Emphasizing the critical role of African Multilateral Financial Institutions in addressing the continent’s financing challenges.
- Amplifying Africa’s voice in global sustainable finance discussions.
- Promoting knowledge sharing and capacity building among participants to strengthen financial ecosystems in Africa.
- Exploring AAMFI’s relationships with Multilateral Development Banks (MDBs) to enhance their effectiveness in global financial architecture.
- Facilitating engaging discussions on innovative financing mechanisms for sustainable development.