Africa: Financing for Development - Reforming Global Financial Systems Must Center African Women

Africa: Financing for Development - Reforming Global Financial Systems Must Center African Women

Guest Column - As the Fourth International Conference on Financing for Development (FfD4)  concluded in Seville, Spain in early July 2025, global leaders adopted the "Seville Commitment," reaffirming the urgent need to reform the international financial architecture, expand fiscal space, and advance gender equality. These commitments are timely and necessary. But without actionable and enforceable reforms, African countries—and African women in …

Aid won’t close Africa’s $1.3 trillion SDG gap | United Nations Economic Commission for Africa

Language English New York, 21 July 2025 (ECA) – Foreign aid is no longer a viable solution for Africa’s growing development needs. The continent’s annual Sustainable Development Goal financing shortfall has reached $1.3 trillion, and leaders are increasingly clear-eyed about the limits of donor-driven models. At a high-level session on the margins of the 2025 UN High-level Political Forum, African leaders called for structural reforms to expand…

$420 billion annual shortfall blocking gender equality in developing countries

Developing countries are falling short by an estimated USD 420 billion a year in the funding needed to achieve gender equality under the Sustainable Development Goals. At the Fourth International Conference on Financing for Development (FfD4) in Sevilla, Spain, UN Women welcomed the adoption by consensus of the Compromiso de Sevilla, which reaffirms Member States’ shared commitment to inclusive and sustainable development. Despite a difficult gl…

TJNA Urges Immediate Action to Align Climate Finance with Africa’s Needs Through Transparent and Equitable Tax Governance | Tax Justice Network Africa (TJNA)

TJNA has called for urgent and systemic reforms in global climate finance, emphasising the critical role of fair tax governance and democratic decision-making spaces to ensure Africa’s climate priorities are met.  This call was made at the heart of the High-Level Technical Dialogue on Climate Finance in Africa held in Cape Town on June 3–4, 2025, where African experts and policymakers gathered to shape Africa’s stance ahead of major global clima…

FfD4 exposes continued lack of commitment to address systemic issues

“The current international financial architecture is not working for the vast majority of the countries.” This was the verdict of Gambia’s Minister of Finance and Economic Affairs, Seedy K.M. Keita, when co-chairing the roundtable ‘Reforming the international financial architecture and addressing systemic issues’, at the Fourth International Conference on Financing for Development (FfD4). His view was shared by many countries from the Global Sou…

Climate Change, Financial Development, and Health Outcomes in Sub-Saharan Africa

This study examines the relationship between climate change and health outcomes in Africa. It further explores the role of financial development in moderating the relationship between climate change and health outcomes. It applies the dynamic system of the generalized method of moments estimat...