African Leaders Urge Global Action to Address Macro‑Economic Imbalances at Nairobi Summit

On 11‑12 May 2026, heads of state and government from African countries met in Nairobi for the Africa Forward Summit. The leaders were joined by the French President and representatives of the IMF, World Bank, African Development Bank, European Bank for Reconstruction and Development, European Investment Bank, Green Climate Fund, West African Development Bank, French Development Agency and the 4P Pact. The delegation highlighted the impact of global macro‑economic imbalances, geopolitical tensions, and supply‑chain vulnerabilities on African economies. They called for a rules‑based multilateral trading system, removal of distortive subsidies, and stronger regional value chains to support industrialisation and job creation. The leaders urged major economies and international financial institutions to coordinate policies that reduce global imbalances and strengthen Africa’s resilience.

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