Exclusion of Africa from the Global Economic Architecture

Written by on June 18, 2024

In 1944, as the world grappled with the aftermath of World War II, delegates from 44 allied nations convened at the Bretton Woods Conference to establish a new international economic order. This conference led to the creation of the International Monetary Fund (IMF) and the International Bank for Reconstruction and Development (IBRD), institutions that have since played pivotal roles in global finance. However, despite its rich resources and strategic importance, Africa was largely excluded from these foundational discussions and continues to feel the ramifications of this exclusion to this day.

Historical Context: Bretton Woods and Africa

The . . .

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