Côte d’Ivoire advocates for inclusive and effective African financial architecture

Prime Minister Robert Beugré Mambé, representing President Alassane Ouattara, affirmed Côte d’Ivoire’s commitment to establishing a more inclusive and efficient global financial architecture for sustainable development in Africa. Speaking at the consultative dialogue on the New African Financial Architecture NAFA in Abidjan on April 9, 2026, the Prime Minister highlighted the continent's annual development financing deficit of over $400 billion. He noted that this deficit is not due to a lack of resources, as Africa possesses approximately $4 trillion in long-term domestic savings, but rather persistent structural constraints. These include institutional fragmentation, inefficient risk allocation, low balance sheet leverage, and insufficient coordination between public and private capital. The Prime Minister called for ambitious and pragmatic recommendations to address these issues, emphasizing the need to rethink resource mobilization mechanisms at national, regional, and international levels, and to develop financial instruments tailored to African realities. He stressed the importance of innovative mechanisms to significantly increase available resources amidst global crises, rising capital costs, and increasing pressure on public finances in developing countries. The transformation of the financial architecture should focus on strengthening multilateral development banks, developing innovative financial instruments, increasing domestic resource mobilization, and reforming