International Finance Reforms: Accelerating Investment and Driving Climate-Positive Green Industrialization in Africa

This policy brief by the African Center for Economic Transformation (ACET) outlines the necessity of reforming the international financial architecture and strengthening African financial institutions to bridge the climate finance gap and support green industrialization in Africa.

• ACET conducted two policy dialogues in 2024 to identify reforms for accelerating investment and advancing the climate agenda. The February 2024 dialogue involved national development banks, commercial banks, regional financial organizations, and fintech companies, while the July 2024 dialogue included 75 African Ministries of Finance, G20 representatives, the World Bank, and other practitioners.
• Six priority areas for collaboration and reform were identified to ensure the success of Multilateral Development Bank (MDB) and international financial reforms: improving the African financial architecture, increasing Africa's voice in MDB reforms, addressing the insufficiency of current MDB efforts to meet climate finance needs, deepening collaboration among African institutions, reforming credit rating agency methodologies to reflect African economic realities, and increasing cross-country knowledge sharing and capacity.

APA

Osei, J. (2024). International Finance Reforms: Accelerating Investment and Driving Climate-Positive Green Industrialization in Africa. African Center for Economic Transformation. https://acetforafrica.org/research-and-analysis/insights-ideas/policy-briefs/international-finance-reforms-accelerating-investment-and-driving-climate-positive-green-industrialization-in-africa/

Chicago

Osei, John. International Finance Reforms: Accelerating Investment and Driving Climate-Positive Green Industrialization in Africa. African Center for Economic Transformation, 2024. https://acetforafrica.org/research-and-analysis/insights-ideas/policy-briefs/international-finance-reforms-accelerating-investment-and-driving-climate-positive-green-industrialization-in-africa/.

Wikipedia

{{cite report |last1=Osei |first1=John |title=International Finance Reforms: Accelerating Investment and Driving Climate-Positive Green Industrialization in Africa |publisher=African Center for Economic Transformation |date=9 September 2024 |url=https://acetforafrica.org/research-and-analysis/insights-ideas/policy-briefs/international-finance-reforms-accelerating-investment-and-driving-climate-positive-green-industrialization-in-africa/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{osei2024international, author = {Osei, John}, title = {{International Finance Reforms: Accelerating Investment and Driving Climate-Positive Green Industrialization in Africa}}, institution = {African Center for Economic Transformation}, year = {2024}, month = sep, url = {https://acetforafrica.org/research-and-analysis/insights-ideas/policy-briefs/international-finance-reforms-accelerating-investment-and-driving-climate-positive-green-industrialization-in-africa/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }