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In Quest of the Right to Development: Prospects for an African Financial Architecture

Author

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  • Adebayo Olukoshi

    (Wits School of Governance)

Abstract

The African Financial Architecture holds the potential of enabling the countries of the continent to exercise their right to development. From helping to overcome a history of lop-sided dependence to providing a framework and primary resources for African countries to better master their development priorities, the proposed Architecture could become an important game changer in the African regional integration project, and the continent’s relationship with the international order. However, to fulfil its promise, and especially in order not to simply become a glorified clone of international financial institutions, it is imperative that the politics of a continental rebirth that underpinned the initial framing and adoption of the Architecture is urgently rediscovered and fully embraced. For, in the end, the quest to build an African Financial Architecture is primarily about reshuffling relations of power between Africa and the contemporary global economic order in order to enhance the prospects of continental socio-economic transformation.

Suggested Citation

  • Adebayo Olukoshi, 2022. "In Quest of the Right to Development: Prospects for an African Financial Architecture," Development, Palgrave Macmillan;Society for International Deveopment, vol. 65(2), pages 153-160, December.
    • Handle: RePEc:pal:develp:v:65:y:2022:i:2:d:10.1057_s41301-022-00353-0
    DOI: 10.1057/s41301-022-00353-0
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