In February 2025, African heads of state gathered in Addis Ababa to announce a bold challenge to the global financial order: the continent will launch its own credit rating agency. The move follows years of mounting frustration over the penalty African countries pay due to systematically higher borrowing rates compared to their peers in Asia […]
Tag: Africa and the Global Order
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This year’s High-Level Week of the UN General Assembly, marking the organization’s 80th anniversary, underscored a growing legitimacy crisis in global development. Deep cuts to official development assistance by wealthy countries, particularly the United States, have triggered a broader reckoning over the credibility of the aid system itself. What was once portrayed as partnership is […]
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Africa is taking on increasing geostrategic importance in the evolving global order. The dispersion of power away from a hegemonic, Western core, heightened geopolitical tensions, and growing contestation over values have brought to the fore questions about the constitution of this order and the role of various actors in shaping it. Traditionally, discourse about Africa’s […]
