Dr Ould Tah has said ongoing discussions will lead to the adoption of the Abidjan Consensus. This agreement will serve as a foundation for a new African financial system. The plan aims to implement the New African Financial Architecture (NAFA) on a large scale. It will also ensure full institutional support across Africa’s financial ecosystem. Technical commitments will be launched to advance priority financial tools.
Pilot transactions are expected to begin under the new framework. A permanent coordination system will assign clear roles to key institutions. Despite a $400 billion yearly financing gap, Africa holds about $4 trillion in long-term domestic savings.
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