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Vol 64 No 21

Published 19th October 2023

Demands grow for reforms

African governments are boosting their voice in international fora but the changes are yet to translate into a substantive power shift

The first IMF and World Bank annual meetings to be held in Africa for 50 years, delivered some gains for the continent against the backdrop of heightened geopolitical tensions in the Middle East and Europe. The loudest demands for reform faced by the IMF and the World Bank are driven by debt burdens and financing conditions facing developing economies, especially in tackling climate adaptation and mitigation costs.

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