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High-Level Roundtable Towards a Fair International Financial Architecture Dr. Akinwumi A. Adesina President, African Development Bank Group United Nations General Assembly Tuesday, 19 September 2023

· Akinwumi Adesina, President of the African Development Bank Group (International)

Summary written by Dark Majestic in its own words · topics: banking regulation and supervision, public finances and debt, development and emerging economies

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· Akinwumi Adesina Wiki · African Development Bank Group WikiHigh-Level Roundtable Towards a Fair International Financial Architecture Dr. Akinwumi A. Adesina President, African Development Bank Group United Nations General Assembly Tuesday, 19 September 2023

ContextRemarks at a high-level roundtable on a fair international financial architecture during the UN General Assembly in New York; the African Development Bank finances Africa's development and wants fairer global finance.

Why it mattersAdesina proposes currency risk tools to attract institutional investors.

Problems raised
  1. The international financial architecture is unfair to Africa.
  2. Currency risk deters institutional investors.
  3. Debt resolution is too slow.
Solutions proposed
  1. Deploy FX risk mitigation to leverage institutional capital.
  2. Increase concessional financing.
  3. Fast-track the G20 common framework.
Read full speech on afdb.org ↗

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