The African Caucus meets twice yearly to consolidate views and convey them to the heads of the IMF and World Bank through a Memorandum
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It said the central aim of the meeting, which is taking place from at the Transcorp Hilton Hotel, is to address the imbalance within the global financial architecture. Keynote speakers include Governor of the Bank of South Sudan, James Garang, who has led reforms to integrate South Sudan’s financial system with the global order.
According to the statement, Mr Garang had in November 2023, spearheaded a modernisation effort at the Bank of South Sudan, prioritising transparency and accountability. Mr Adesina highlighted the need for financial reforms, stating, “Africa needs $1.3 trillion annually to meet its sustainable development goals by 2030, but this cannot happen without a more responsive, inclusive, and accountable international financial system.”
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