AFRICA LEADERS DEMANDS SEAT AT THE TABLE IN GLOBAL FINANCIAL OVERHAUL

African leaders issues a unified call for urgent reform of the global financial system.

Africa leaders End to global financial exclusion Africa Finance.
4th International Conference on Financing for Development (FFD4)
4th International Conference on Financing for Development (FFD4)


In a bold display of unity and defiance, African leaders have declared that the time has come to end global financial exclusion, issuing a rallying cry for a complete overhaul of the world’s financial system during the 4th International Conference on Financing for Development (FFD4) in Seville.

From across 51 African countries, heads of state, prime ministers, and finance ministers convened with one voice: the global financial architecture is outdated, unjust, and systematically biased against Africa’s development aspirations.

Kenyan President William Ruto delivered one of the conference’s most forceful messages, calling the system “flawed and unacceptable.” He stressed that Africa is not a passive player but a rising force in global trade and innovation, and must no longer be sidelined in shaping the rules that govern development finance.

“Africa’s role in global growth is undeniable,” Ruto said. “The current international financial architecture is flawed, inequitable, and unjust; it is unacceptable and must be completely reformed.” He pushed for responsible debt management, a reduction in borrowing costs, broader fiscal space, and deeper inclusion of developing nations in IMF decision-making.

Senegalese President Bassirou Diomaye Faye championed domestic resource mobilization as the backbone of Africa’s sovereignty, while Mali’s Prime Minister Abdoulaye Maiga emphasized the urgency of accelerated efforts to meet the 2030 Sustainable Development Goals.

Throughout the summit, African delegations maintained a firm stance: the continent needs fair access to capital, reform of global financial institutions, and financing rules that support green and inclusive development.

The FFD4 summit continues through July 3 at the FIBES Exhibition and Convention Center, where negotiations will shape the forthcoming Seville Declaration, a document expected to enshrine commitments to a more inclusive, equitable global financial framework that puts Africa at the center of its vision.

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