Monetary Sovereignty in Africa

My recent blog is cited in The Guardian.... The economist Fadhel Kaboub suggests a way out: the World Bank and IMF could lend money to historical polluters to help them pay for their climate debt to poor nations. theguardian.com/commentisfree/… @tianran

My latest blog about the #WBGMeetings and #IMFMeetings a short #Thread: Climate Finance for the Global North And Climate Reparations for the Global South globalsouthperspectives.substack.com/p/climate-fina… 1/n

Here is a little flavor of what’s happening in DC at the @IMFNews & @WorldBank Spring meetings

New research published in Nature today finds that we are on track for climate damages worth $38 trillion per year by 2050. This is a staggering figure. The damages are projected to be worth 6x more than the mitigation costs of limiting global warming to 2C. nature.com/articles/s4158…

🔓It's time for ambitious debt relief to unlock Africa's potential & pave the way for a century of justice and equity, says @FadhelKaboub @PowerShftAfrica Read the letter from 40+ African and int'l thought leaders calling for action on the #debtcrisis ⏩ earth4all.life/open-letter-af…

💬"Not designed for us, not designed by us,” says Prof. @FadhelKaboub at the #YLPfoodsystems workshop in #Accra, calling on young leaders to help rethink our current economic structures to achieve the #SDGs – transforming trade, investment and taxation rules.

Enough is enough. Wealthy countries must stop blocking efforts to reform our outdated, colonial financial architecture and commit to systemic solutions to break the cycle of debt. Read the open letter signed by 40+ thought leaders: earth4all.life/open-letter-af…

As ministers gather at the IMF&World Bank Spring Meetings, 40+ African thought leaders together with international economists, scientists and sustainability experts call on them to take systemic action to tackle the crushing debt crisis. Read the letter⏩ ow.ly/29m850ReL8J

OUT NOW!: 'Adapting Our Financial Architecture in a Crisis-Prone World: A Civil Society Proposal for Special Drawing Rights Reform', from @ActionAidUSA & @brettonwoodspr 1/ #IMFMeetings

What links IMF, World Bank, debt, tax, COP29 & banks like Barclays with the climate crisis? We need to #FixTheFinance. Check out this short series of 1-page explainers by @ActionAid @350 @PowerShftAfrica @christianaid @Oxfam @RecourseTeam @urgewald actionaid.org/publications/2…

So well put, @FadhelKaboub! Climate finance today is “greenwashed neocolonial extraction and abuse dressed up in market-based climate finance solutions… loans, pollution permits (a.k.a. carbon credits), and de-risked extractive investments.” open.substack.com/pub/globalsout…

🚀 Now OUT: New @brettonwoodspr report finds energy conditionality in @WorldBank DPF is paving the way for energy privatisation in LMICs - foreclosing other energy transition models rooted in sovereignty & national ownership tinyurl.com/DPF2024 CC @FadhelKaboub @KateAronoff

"World leaders approving #fossilfuel investments are either signing a collective suicide pact for humanity or committing financial fraud by misleading investors into sinking funds into soon-to-be stranded assets." - @FadhelKaboub @GISP_Tweets

@FadhelKaboub notes, "The state of climate finance today is disturbingly absurd. Instead of the Global North offering transformative #climatefinance to clear its climate debt to the Global South, it offers market-based, greenwashed colonial entrapment." nation.africa/kenya/health/w…

Fadhel Kaboub, Senior Advisor, Power Shift Africa: "None of the #SDGs is achievable under the current global economic architecture that has been designed during colonial times, and further reinforced during post-colonial times via the rules of international finance, trade and taxation." Read more: globalsouthperspectives.substack.com/p/the-sdgs-are…

Solar #GeoEngineering 🚨 Geoengineering encompasses a range of speculative technologies intended to address the effects, not the root causes, of #climatechange. #Africa must refuse to be a dumping ground for dangerous technologies. project-syndicate.org/commentary/afr…

Can't have prosperity without autonomy insights via @FadhelKaboub globalsouthperspectives.substack.com/p/the-sdgs-are…

Global South Perspectives has been a rewarding experience. Thank you for subscribing, reading, and sharing! @globalsouthperspectives" target="_blank" rel="nofollow noopener">substack.com/@globalsouthpe…

My message @FAO EGM in Rome: "None of the #SDGs is achievable, unless we decolonize the global economic architecture." Ironically, the EGM was held in a building that used to be the Ministry of the Colonies during the Mussolini regime. globalsouthperspectives.substack.com/p/the-sdgs-are… #SDGs #SDG2 #FAO

BRAND NEW VIDEO for everyone who watched Mark Blyth's excellent contribution to our festival I hope you give this the same attention. "Scotland's Colonial Economy and the trappings of debt" youtube.com/watch?v=8Db0_6…