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Africa’s Agenda for Global Financial Architecture Reform

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14
9:00 am October 2023
Add to Calendar 2023-10-14 09:00:00 2025-05-24 11:09:07 Africa’s Agenda for Global Financial Architecture Reform Description Location Policy Center Policy Center Africa/Casablanca public
PCNS

 

By invitation

The African Center for Economic Transformation (ACET) and the Policy Center for the New South (PCNS), with the support of government and institutional partners, are organizing a high-level Policy Dialogue titled Africa’s Agenda for Global Financial Architecture Reform, on Saturday, Octobre 14, 2023, at 09:00.

Since the Bretton Woods Institutions held their last annual meetings on African soil over five decades ago, the international financial landscape has undergone significant transformation. African nations have witnessed shifts in economic power dynamics, technological advancements, and evolving global challenges. In a rapidly changing global economic landscape, the need for a responsive and inclusive global financial architecture is more pressing than ever.  

African nations face unique challenges and opportunities that require a re-evaluation of their role in shaping the international financial system. This Policy Dialogue aims to bring together African finance ministers, policy think tanks, civil society leaders, and key media partners participating in the World Bank/IMF Annual Meetings to agree on critical actions over the next 12-18 months that will ensure that African priorities for the reform of the Global Financial Architecture (GFA) continue to gain traction and Africa’s voice continues to grow. 

 

 

Session 1: Ministerial Roundtable

09:00 – 09:05

Welcome and Opening Remarks

           

Karim El Aynaoui, Executive President, Policy Center for the New South  

09:15 – 10:30

Round Table Discussion: Actions to ensure Africa’s priorities are realized

Moderator: Alan Kasujja, Journalist, BBC

Discussion with Ministers and Partners
 

Speakers:     

Simplex Chithyola Banda, Minister of Finance, Malawi
Mohamed Maait, Minister of Finance, Egypt
Dr. Saada Mkuya Salum, Minister of State, President’s Office of Finance and Planning, Zanzibar
Njuguna Ndung'u, Minister of Finance, Kenya
Ken Ofori-Atta, Minister of Finance, Ghana
Abdoul Salam Bello, Executive Director, World Bank Group
Hassatou Diop N’Sele, Vice-President for Finance & Chief Financial Officer, African Development Bank (AfDB)
Hanan Morsy, Deputy Executive Secretary and Chief Economist, United Nations Economic Commission for Africa (UNECA)
Ed Mountfield, Vice President for Operations, Policy, and Country Services (OPCS), World Bank Group
Patrick Ndzana Olomo, Acting Head of Economic Policy And Sustainable Development, African Union Commission

10:30 – 10:40

Closing Remarks and Next steps - Marrakech Framework: Finalization and endorsement
10h40 – 11h00 Coffee Break

Session 2: Implementation Roundtable – Think Tanks, Policy Institutes, Civil Society, Development Partners, and Media

11:00 – 11:05

Overview - Africa’s Priorities for Global Financial Architecture Reform

Mavis Owusu-Gyamfi, Executive Vice President, African Center for Economic Transformation

11:05 – 12:20

Implementation Priorities and Timeline 

Driving Green Growth for Africa
James Mwangi, Founder, Climate Action Platform Africa (CAP-A)

Reforming the Debt Architecture
Hanan Morsy, Deputy Executive Secretary and Chief Economist, United Nations Economic Commission for Africa (UNECA)

Setting the AU up for G20 success: Increasing Africa’s voice in global institutions
Elizabeth Sidiropoulous, Chief Executive, South African Institute of International Affairs (SAIIA)

Making SDR Reallocation A Reality
Daouda Sembene, CEO, Africa Catalyst

Increasing Concessional Finance
Kalpana Kochhar, Director, Development Policy and Finance, Bill and Melinda Gates Foundation

Assessing World Bank Voting Shares and IMF Quotas to Work for Africa
Hannah Ryder, CEO, Development Reimagined
    
Opening the debate for the room

12:20 – 12:30

Closing remarks and next steps 

 

To attend this event, please register here