Executive Vice President Mavis Owusu-Gyamfi Remarks at Heads of State and Government Dialogue on Global Financial Architecture Reforms

Mavis Owusu-Gyamfi argues that the global financial system, established in the 1940s, must be reformed to meet current complexities and support Africa's development. She emphasizes the need for more concessional finance, fairer debt frameworks, and increased climate finance to enable green industrialization. The speech highlights the role of both international financial institutions and African multilateral institutions in achieving the goals of Agenda 2063.

• Africa is advocating for specific reforms to the global financial system, including increased access to concessional finance, a more equitable debt framework, a more inclusive global tax system, and enhanced climate finance and investment to support a green industrialization strategy for the continent.
• While international financial institutions like the World Bank and IMF are critical, they are insufficient on their own to provide the resources required to achieve the ambitions of Agenda 2063.
• African multilateral financial institutions, including AFC, AfreximBank, and the AfDB, are described as essential for economic transformation and are encouraged to innovate to leverage global reforms.

APA

Owusu-Gyamfi, M. (2024). Executive Vice President Mavis Owusu-Gyamfi Remarks at Heads of State and Government Dialogue on Global Financial Architecture Reforms. African Center for Economic Transformation. https://acetforafrica.org/news-and-media/speeches-transcripts/executive-vice-president-mavis-owusu-gyamfi-remarks-at-heads-of-state-and-government-dialogue-on-global-financial-architecture-reforms/

Chicago

Owusu-Gyamfi, Mavis. Executive Vice President Mavis Owusu-Gyamfi Remarks at Heads of State and Government Dialogue on Global Financial Architecture Reforms. African Center for Economic Transformation, 2024. https://acetforafrica.org/news-and-media/speeches-transcripts/executive-vice-president-mavis-owusu-gyamfi-remarks-at-heads-of-state-and-government-dialogue-on-global-financial-architecture-reforms/.

Wikipedia

{{cite press release |last1=Owusu-Gyamfi |first1=Mavis |title=Executive Vice President Mavis Owusu-Gyamfi Remarks at Heads of State and Government Dialogue on Global Financial Architecture Reforms |publisher=African Center for Economic Transformation |date=19 February 2024 |url=https://acetforafrica.org/news-and-media/speeches-transcripts/executive-vice-president-mavis-owusu-gyamfi-remarks-at-heads-of-state-and-government-dialogue-on-global-financial-architecture-reforms/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{owusugyamfi2024executive, author = {Owusu-Gyamfi, Mavis}, title = {{Executive Vice President Mavis Owusu-Gyamfi Remarks at Heads of State and Government Dialogue on Global Financial Architecture Reforms}}, publisher = {African Center for Economic Transformation}, year = {2024}, month = feb, url = {https://acetforafrica.org/news-and-media/speeches-transcripts/executive-vice-president-mavis-owusu-gyamfi-remarks-at-heads-of-state-and-government-dialogue-on-global-financial-architecture-reforms/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }