https://en.sputniknews.africa/20250424/financial-sovereignty-in-sight-as-africa-plans-stability-fund-1072256904.html
Financial Sovereignty in Sight as Africa Plans Stability Fund
Financial Sovereignty in Sight as Africa Plans Stability Fund
Sputnik Africa
African leaders have greenlit a new $20 billion financial stability fund to boost the continent’s resilience against economic shocks. The initiative is being... 24.04.2025, Sputnik Africa
2025-04-24T17:18+0200
2025-04-24T17:18+0200
2025-04-24T17:18+0200
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Financial Sovereignty in Sight as Africa Plans Stability Fund
Sputnik Africa
African leaders have greenlit a new $20 billion financial stability fund to boost the continent’s resilience against economic shocks. The initiative is being welcomed as a transformative step toward financial sovereignty and self-reliance.
The fund aims to strengthen Africa’s ability to respond to global crises, reduce reliance on institutions like the IMF, and channel investments into infrastructure, regional trade, and human capital. Julius Pembere, a sovereign debt expert at the African Forum and Network on Debt and Development (AFRODAD) in Harare, Zimbabwe, described it as a unique opportunity for the continent to chart its own economic path.Pembere stressed the importance of anchoring the fund in African values like unity and solidarity, suggesting it could be a unifying force for inclusive growth if properly governed.To listen to the whole discussion, tune in to the Global South Pole podcast, brought to you by Sputnik Africa.In addition to the website, you can also catch our episodes on Telegram.► You can also listen to our podcast on Apple Podcasts, Spotify, Deezer, Castbox, Pocket Casts, Afripods, Podcast Addict, Overcast, and Mave Stream.► Check out all the episodes of Global South Pole.
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podcasts, debt, debt restructuring, southern africa, west africa, africa, bretton woods system, international monetary fund (imf), world bank, african development bank (afdb), african credit rating agency, central bank, аудио, economy
podcasts, debt, debt restructuring, southern africa, west africa, africa, bretton woods system, international monetary fund (imf), world bank, african development bank (afdb), african credit rating agency, central bank, аудио, economy
Financial Sovereignty in Sight as Africa Plans Stability Fund
Aliyu Bello
Correspondent, Podcast Host
African leaders have greenlit a new $20 billion financial stability fund to boost the continent’s resilience against economic shocks. The initiative is being welcomed as a transformative step toward financial sovereignty and self-reliance.
The fund aims to strengthen Africa’s ability to respond to global crises, reduce reliance on institutions like the IMF, and channel investments into infrastructure, regional trade, and human capital. Julius Pembere, a sovereign debt expert at the African Forum and Network on Debt and Development (AFRODAD) in Harare, Zimbabwe, described it as a unique opportunity for the continent to chart its own economic path.
Pembere stressed the importance of anchoring the fund in African values like unity and solidarity, suggesting it could be a unifying force for inclusive growth if properly governed.
“The essence of our fund should be anchored on African values, on values such as Ubuntu whereby Africa is united, the African Renaissance theory also calls for African problems, African solutions […] our governance structures should be based on our Pan-Africanism values, and maybe to also focus on other policies that might ensure that those African countries left behind, can also play catch up to those who are in a better position,” he said.
To listen to the whole discussion, tune in to the Global South Pole podcast, brought to you by Sputnik Africa.
In addition to the website, you can also catch our episodes on
Telegram.► Check out all the episodes of Global South Pole. 
