People first, demand African CSOs at financing for development consultation

Abstract

If African development and economic transformation are to succeed, international financial institutions (IFIs) and domestic policies must reform, stated African Civil Society Organizations at the Regional Consultation towards the Third International Conference of Financing for Development held in at the Economic Commission for Africa in Addis Ababa. Africa should first tackle IFFs but leaving it at this level is not enough. Delegates recommended the removal of mechanisms that protect companies and institutions allowing them to amass large economic resources at the expense of African development and structural transformation.