Monetary Sovereignty in Africa

#AfricanMonetarySovereignty : Facing the socio-ecological crisis: Delinking and the question of Global Reparations. October 25–28th,2022

[Fadhel Kaboub فاضل قابوب @FadhelKaboub]

My recent blog is cited in The Guardian....

The economist Fadhel Kaboub suggests a way out: the World Bank and IMF could lend money to historical polluters to help them pay for their climate debt to poor nations.

https://t.co/0ERjwNNbSP @tianran

[Fadhel Kaboub فاضل قابوب @FadhelKaboub]

My latest blog about the #WBGMeetings and #IMFMeetings a short #Thread:

Climate Finance for the Global North
And Climate Reparations for the Global South

https://t.co/jw5JKoKQ8c

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[Joab Okanda @OkandaJoab]

Here is a little flavor of what’s happening in DC at the @IMFNews & @WorldBank Spring meetings

[Jason Hickel @jasonhickel]

New research published in Nature today finds that we are on track for climate damages worth $38 trillion per year by 2050. This is a staggering figure. The damages are projected to be worth 6x more than the mitigation costs of limiting global warming to 2C. https://t.co/8RJ605RaN3

[Earth4All @Earth4All_]

🔓It's time for ambitious debt relief to unlock Africa's potential & pave the way for a century of justice and equity, says @FadhelKaboub @PowerShftAfrica

Read the letter from 40+ African and int'l thought leaders calling for action on the #debtcrisis ⏩ https://t.co/dSNhljR5kB

[UN Food Systems Coordination Hub @FoodSystems]

💬"Not designed for us, not designed by us,” says Prof. @FadhelKaboub at the #YLPfoodsystems workshop in #Accra, calling on young leaders to help rethink our current economic structures to achieve the #SDGs – transforming trade, investment and taxation rules.

[The Club of Rome @ClubOfRome]

Enough is enough.

Wealthy countries must stop blocking efforts to reform our outdated, colonial financial architecture and commit to systemic solutions to break the cycle of debt.

Read the open letter signed by 40+ thought leaders: https://t.co/h3cbQsT8DK

[Earth4All @Earth4All_]

As ministers gather at the IMF&World Bank Spring Meetings, 40+ African thought leaders together with international economists, scientists and sustainability experts call on them to take systemic action to tackle the crushing debt crisis.
Read the letter⏩ https://t.co/lDwIvfJllL

[Jon Sward @JonSward]

OUT NOW!: 'Adapting Our Financial Architecture in a Crisis-Prone World: A Civil Society Proposal for Special Drawing Rights Reform', from @ActionAidUSA & @brettonwoodspr

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#IMFMeetings

[Teresa Anderson @1TeresaAnderson]

What links IMF, World Bank, debt, tax, COP29 & banks like Barclays with the climate crisis?

We need to #FixTheFinance.

Check out this short series of 1-page explainers by @ActionAid @350 @PowerShftAfrica @christianaid @Oxfam @RecourseTeam @urgewald
https://t.co/HjQhySWuEi

[Carolina Alves @cacrisalves]

So well put, @FadhelKaboub!

Climate finance today is “greenwashed neocolonial extraction and abuse dressed up in market-based climate finance solutions… loans, pollution permits (a.k.a. carbon credits), and de-risked extractive investments.”

https://t.co/IpqDb4viEC

[Jon Sward @JonSward]

🚀 Now OUT: New @brettonwoodspr report finds energy conditionality in @WorldBank DPF is paving the way for energy privatisation in LMICs - foreclosing other energy transition models rooted in sovereignty & national ownership

https://t.co/4K58oYYMO6

CC @FadhelKaboub @KateAronoff

[@dontgasafrica.bsky.social @DontGasAfrica]

"World leaders approving #fossilfuel investments are either signing a collective suicide pact for humanity
or committing financial fraud by misleading investors into sinking funds into soon-to-be stranded assets."
- @FadhelKaboub @GISP_Tweets

[Wambui Mbuthia @jwmbuthia]

@FadhelKaboub notes, "The state of climate finance today is disturbingly absurd. Instead of the Global North offering transformative #climatefinance to clear its climate debt to the Global South, it offers market-based, greenwashed colonial entrapment."
https://t.co/UiRC70d0Id

[Power Shift Africa @PowerShftAfrica]

Fadhel Kaboub, Senior Advisor, Power Shift Africa:

"None of the #SDGs is achievable under the current global economic architecture that has been designed during colonial times, and further reinforced during post-colonial times via the rules of international finance, trade and taxation."

Read more: https://t.co/uNfmihxMHB

[Power Shift Africa @PowerShftAfrica]

Solar #GeoEngineering 🚨

Geoengineering encompasses a range of speculative technologies intended to address the effects, not the root causes, of #climatechange.

#Africa must refuse to be a dumping ground for dangerous technologies.

https://t.co/BdMIyNxleo

[Andrew Bunker @ndrew_bunker]

Can't have prosperity without autonomy

insights via @FadhelKaboub

https://t.co/xxYDcIIAi4

[Fadhel Kaboub فاضل قابوب @FadhelKaboub]

Global South Perspectives has been a rewarding experience. Thank you for subscribing, reading, and sharing! https://t.co/RbUAkGpaVS

[Fadhel Kaboub فاضل قابوب @FadhelKaboub]

My message @FAO EGM in Rome: "None of the #SDGs is achievable, unless we decolonize the global economic architecture." Ironically, the EGM was held in a building that used to be the Ministry of the Colonies during the Mussolini regime. https://t.co/h6tqjNGvnU #SDGs #SDG2 #FAO

[Scotonomics @Scotonomics1]

BRAND NEW VIDEO for everyone who watched Mark Blyth's excellent contribution to our festival I hope you give this the same attention. "Scotland's Colonial Economy and the trappings of debt" https://t.co/tDCUItRqQH