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  2. Financing African development through sustainable and innovative mechanisms: public-private partnerships, cryptocurrencies, remittances and diaspora investments

The global economy is undergoing tumultuous crises and growing inequality among and within countries, which is amplifying existing social and political differences and affecting the poorest and most vulnerable communities. To address these challenges, African countries need to consider adopting innovative policies on taxation and wealth redistribution, trade and tariffs, migration and remittances, and the digital economy. Although the implementation of integrated financing for sustainable development remains rudimentary, African countries have launched several initiatives within the framework of the Addis Ababa Action Agenda of the Third International Conference on Financing for Development to finance sustainable development. Efforts are also being made in the United Nations system to mobilize innovative financing for post-pandemic economic recovery

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