The role of African Multilateral Financial Institutions in catalyzing sustainable economic development in Africa: Opportunities and Challenges
Washington DC & Virtual 1640 Wisconsin Ave NW, Washington, DC 20007, United States, Washington, DC, United StatesWith 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…
IDA and the Global Safety Net
Washington DC & Virtual 1640 Wisconsin Ave NW, Washington, DC 20007, United States, Washington, DC, United StatesAfriCatalyst and the Center for Global Development (CGD) are organizing an event titled "IDA and the Global Safety Net." The discussion will focus on the progress the International Development Association (IDA) has made in advancing Africa’s development in the face of global challenges. The event will take place on the sidelines of the Annual Meetings…
Tackling Africa’s Debt Crisis: Pathways to Progress through Improved Credit Ratings
Washington DC & Virtual 1640 Wisconsin Ave NW, Washington, DC 20007, United States, Washington, DC, United StatesAfriCatalyst, UNDP, the Brookings Institution, the African Centre for Economic Transformation (ACET), and the Glasgow Financial Alliance for Net Zero (GFANZ) will co-host an event on the sidelines of the Annual Meetings of the IMF and World Bank Group. The event will focus on expanding the dialogue around how improving sovereign credit ratings can reduce…
A roundtable Discussion on the MVI with International Financial Institutions, International Organizations, Multilateral Banks as well as Development Partners and select representatives from vulnerable countries
AfriCatalyst and UN OHRLLS will convene a roundtable discussion to provide a fora for discussions on how the MVI could be of potential relevance to selected international financial institutions in supporting developing countries to access affordable and appropriate financing that supports the achievement of their sustainable development goals.
How Should Africa Navigate the New Development and Climate Finance Landscape
Africatalyst, in partnership with the Center For Global Development, will be organizing a side event consisting of 2 sections – a fireside chat and a panel discussion on responses to this crisis with former and current policymakers, thought leaders, economists, and advocacy partners. Participants will discuss the impact of the new development landscape and how…
Global Economic Governance in crisis: The way forward
For decades, the Bretton Woods institutions played an essential role in shaping global prosperity. They facilitated the post-war economic boom, helped developing nations build infrastructure, and provided a stable financial system. However, in recent years, these institutions have come under increasing strain. We are now witnessing what could be described as the second breakdown of…
Developing A Credit Ratings Ecosystem In Africa
African economies continue to face significant challenges related to credit ratings, including perceived biases, lack of transparency, and subjective assessments. With over thirty countries across the continent being rated, actions taken by global credit rating agencies directly influence sovereign debt costs, affecting access to global capital markets and financial sustainability. With South Africa hosting the…
Breaking Barriers: Maximizing ADF-17 for Africa’s Prosperity
Sofitel Abidjan Hotel Ivoire, in the “Salle des Fêtes” room Abidjan, Côte d'IvoireAfrica stands at a pivotal moment in its development journey. Despite immense natural resources, talent, and resilience, many African nations continue to face steep financing barriers from rising debt and high borrowing costs to limited access to global capital. The upcoming seventeenth replenishment of the African Development Fund (ADF-17) represents a crucial opportunity to unlock…