https://en.sputniknews.africa/20250707/bretton-woods-institutions-have-bad-reputation-in-africa-pan-africanist-says-1075221092.html
'Bretton Woods Institutions Have Bad Reputation in Africa,' Pan-Africanist Says
'Bretton Woods Institutions Have Bad Reputation in Africa,' Pan-Africanist Says
Sputnik Africa
As the EU and international financial institutions seek to normalize relations with Niger, progressive Pan-African forces remain deeply skeptical, a Nigerien... 07.07.2025, Sputnik Africa
2025-07-07T17:57+0200
2025-07-07T17:57+0200
2025-07-07T17:57+0200
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africa
niger
alliance of sahel states (aes)
european union (eu)
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The financial institutions of the Bretton Woods system have "a bad reputation in Africa," a Nigerien socio-economic and political analyst and Pan-Africanist, Issoufou Boubacar Kado Magagi, told Sputnik Africa.According to Magagi, the way forward for the AES is to engage with the world — but without compromising their sovereignty. Key priorities for the AES, as outlined by the Pan-Africanist:
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africa, niger, alliance of sahel states (aes), european union (eu), france, bretton woods system, finance, europe, west africa, sahel region, sahel, west
africa, niger, alliance of sahel states (aes), european union (eu), france, bretton woods system, finance, europe, west africa, sahel region, sahel, west
'Bretton Woods Institutions Have Bad Reputation in Africa,' Pan-Africanist Says
Elizaveta Roschina
Writer/Editor
As the EU and international financial institutions seek to normalize relations with Niger, progressive Pan-African forces remain deeply skeptical, a Nigerien Pan-Africanist said.
The financial institutions of the Bretton Woods system have "a bad reputation in Africa," a Nigerien socio-economic and political analyst and Pan-Africanist, Issoufou Boubacar Kado Magagi, told Sputnik Africa.
"These institutions are widely seen as the enforcement arm of neocolonial and neo-imperialist global powers, helping to keep Africa trapped in poverty," he explained.
According to Magagi, the way forward for the AES is to engage with the world — but without compromising their sovereignty.
Key priorities for the AES, as outlined by the Pan-Africanist:
Launch a common currency;
Maintain control over raw materials;
Create a free trade zone among Sahel countries;
Explore new economic partnerships with BRICS nations.
