The annual general meetings of the African Development Bank were recently held in Kenya. The reform of the international financial architecture was on the agenda. And as usual, that word – sustainable development – was thrown around in the meeting rooms. It was reported that Africa would need $213 billion per year until 2030 for this sustainable development.  And that was the African Development Bank’s proposition going forward in the next ten years.

The proposal to integrate natural wealth into the GDP of African states was also debated. In addition to that, the continent’s reserves of arable land and its mining resources that are not taken into account were thrown into the basket for discussions. The President of Kenya, William Ruto lamented the skewed global financial architecture.