African Ministers call for a reformed global debt architecture
The Group serves as a forum to develop reform proposals for the global financial architecture.
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The Group serves as a forum to develop reform proposals for the global financial architecture.
Addis Ababa, 20 March 2023 (ECA) - African Ministers of Finance, Planning and Economic Development have called for decisive action to reform the global debt architecture to enable the investments needed for achieving sustainable development and climate goals around the world.The call was made at a meeting of the High-level Working Group on the Global Financial Architecture on
African countries could benefit from the reallocation of Special Drawing Rights (SDR), financial instruments of the International Monetary Fund (IMF).
African countries, many reeling under high debt and experiencing economic recession, could benefit from the reallocation of Special Drawing Rights (SDR), financial instruments of the International Monetary Fund (IMF).
The U.S. should support all measures that would promote growth and employment by increasing economic freedom.