Without international support, including investment at scale, African countries will not be able to expand energy access to all and still reach their climate goals. The alternative – an increased reliance on coal – would have devastating consequences.
urge the international community to step up its support for the continent’s green transition.
Although the International Monetary Fund’s newly revised policy framework on capital controls makes some improvements on what came before, it is still likely to do more harm than good. Real-world experience and advances in economic theory have shown that the IMF’s suspicions about such policies are misplaced.
thinks the Fund’s revised policy framework is better than the previous one, but still flawed.