Leveraging African capital for African needs

Like many other multilateral forums, the upcoming Fourth International Conference on Financing for Development may well produce impressive declarations and laudable promises. But will lofty rhetoric be translated into concrete progress in lowering the structural and systemic barriers to financing development in Africa, including deteriorating debt sustainability, dwindling concessional finance and declining access to affordable capital? Africa’s debt crisis did not emerge overnight.

Raccontata daarabnews.com