Latest Breaking News On - Financing african economies - Page 8 : comparemela.com

  The President of the Republic, Nana Addo Dankwa Akufo-Addo, is calling for the restructuring of the global financial architecture so it can respond better to the needs of Africa, as well as the cancellation of debts owed by African countries, in the wake of COVID-19. Taking his turn to address the Summit on Financing African Economies, in Paris, France, on Tuesday, 18th May 2020, President Akufo-Addo noted that, the Bretton Woods Conference, which took place as World War II drew to a close, created a global financial architecture which, over the last 77 years, has proven to be unfavourable for Africa. According to the President, the economies of Europe, America, and Asia having grown significantly during that time, whilst those of Africa have not, attributing collateral damage from the Cold War, inequity in the global economic system, an economic relationship built on power and resource grab, as well as leadership and governance issues on the African continent, as issues confro

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