African Monetary and Economic Sovereignty Conference- ‘Leveraging Multipolarity: Economic options for Africa’ October 9-11, 2024, African Union Conference Center, Addis Ababa

2024 marks the 50th anniversary of the launch of the New International Economic Order (NIEO). Alongside multiple debt, development, climate and migration crises and a resurgence of large-scale wars and genocidal violence, there is a decline of Western hegemony, which the challenge posed by the emergence of the BRICS + makes visible. Although the United States, Western Europe and Japan still dominate the Bretton Woods Institutions, whose legitimacy deficit is growing, they no longer have the global economic, industrial and financial clout of yesteryear. This trend towards multipolarity, a rebalancing of international relations seems irreversible. The key question is to know what new or alternative options this multipolarity can offer countries of the South, Africa in particular. What economic opportunities could peripheral countries foresee in a world where the West no longer has the last word

The Third Edition of African Monetary and Economic Sovereignty Conference, convened by the International Development Economics Associates (IDEAs) and the Coalition for Dialogue on Africa (CoDA), aims to explore the economic opportunities open to the continent in the multipolar world that is taking shape, based on the lessons of history – past successes and failures – but also of a present fraught with multiple crises and diverse emergencies for which coordinated and rapid action is required.

Among the topics to be discussed are:

• Addressing the current debt, development and climate crisis.
• Domestic resource mobilization and illicit financial flows.
• Lessons from the New International Economic Order: documenting successful and less successful experiences of delinking.
• The BRICS + project: opportunities and risks for Africa.
• Understanding the revival of industrial policy in Northern countries: prospects for Africa.
• How to capitalize on the resurgence of pan-Africanist sentiment on the continent and in its diasporas.

Conference proceedings will be live streamed, and a link will be circulated closer to the Conference date.

More details available in the Conference Concept