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CGD Policy Blogs

 

An image of the skyline in Nairobi

How to Strengthen the Role of Pan-African Institutions Within the International Financial Architecture

In a recent joint piece, African and European leaders underscored the importance of strengthening the positions and roles of pan-African institutions within a new international financial architecture, reaffirming one of the four key goals of the summit on financing African economies held last May in Paris. What is the new international financial architecture? Which pan-African institutions are targeted and why should their role and positions be strengthened within it? How should Africa and its partners proceed to achieve this goal?

A traffic jam on the Ojuelegba Under bridge in Lagos, Nigeria

Africa’s Crisis Recovery Requires Upgrading the Global Financial Safety Net

The COVID-19 pandemic has taken a significant toll on African economies. Despite the significant support for COVID-19 response provided by their bilateral and multilateral partners, African countries continue to face significant financing needs to protect lives and livelihood and bolster prospects for a stronger and more resilient economic recovery. In this light, the time for the international community to go big on supporting Africa’s pandemic crisis recovery is now.

A cityscape of Accra, Ghana

Is Africa Wasting the Pandemic-Induced Economic Crisis?

In many African countries, the economic response to the crisis so far appears to have been broadly less consistent than the health response. For mitigation measures to be stronger and more effective, and for sustained recovery to take place, governments, central banks, and regional institutions will need to make tough policy choices, promote coordinated and collaborative policy implementation, and embrace bold and innovative reforms.