Why Africa wants a new global financial architecture

President William Ruto, Mozambique President Filipe Nyusi and their Rwandan counterpart Paul Kagame during the Africa CEO Forum in Kigali, Rwanda.

Photo credit: PCS

President William Ruto has been at the forefront of calling for a new global financial architecture that works for African countries, citing the fiscal pressures and climate challenges that are unique to nations on the continent, like Kenya, but which are not necessarily their fault.

At the African Development Bank (AfDB) annual meeting held in Nairobi last week, these calls for reforms took centre stage with other leaders, including Rwanda’s Paul Kagame and AfDB president Akinwumi Adesina adding their voices to it.

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