The future of SDRs - Part 3 |Africa’s Voice in Global Finance, SDR Reforms and a UN Debt Framework скачать в хорошем качестве

The future of SDRs - Part 3 |Africa’s Voice in Global Finance, SDR Reforms and a UN Debt Framework

In this discussion, Prof James Gathii from AfronomicsLaw, explores how SDR reforms fit into broader calls for global financial architecture changes, the IMF quota system, and Africa’s voice in international finance. We unpack Africa’s limited voting shares, and the need for Africa to become a rule-maker rather than a rule-taker. The talk covers potential reform ideas like a comprehensive debt restructuring framework, a UN-based voting system, debt sustainability analysis reforms, and debt cancellation. He also discusses governance at the continental level, the role of African legal support facilities, and the importance of grounding debt policy in human rights and climate justice. This discussion explores the link between law, debt, and development finance, focusing on SDRs (Special Drawing Rights) and how current IMF quota rules affect Africa. It examines who has influence over debt arrangements, why Africa’s representation remains limited, and what reforms could empower African nations, ranging from a UN-backed debt framework to a global debt authority. The conversation also highlights practical governance changes, legal education, and policy shifts toward fairer, more transparent debt management.