Date
Tax Justice Network Africa (TJNA), in partnership with the Open Society Foundations (OSF) and the African Union (AU), will co-host a high-level side event titled “Africa's Priorities in the 4th International Conference on Financing for Development.” The event will take place on Friday, 25 April 2025, during the 2025 IMF/World Bank Spring Meetings in Washington, DC, USA.
This side event will bring together stakeholders from civil society, government, and multilateral institutions to pinpoint Africa’s key priorities and strategies leading up to the Fourth International Conference on Financing for Development (FfD4).
Participants will explore ways to unite Africa’s stance on global financial reforms and foster advocacy efforts focused on ensuring accountability and progress on long-standing international commitments.
Africa faces a staggering $1.3 trillion annual financing gap to achieve the Sustainable Development Goals (SDGs), and $250 billion for climate action. This is against rising debt, shrinking fiscal space, and a decline in external financial flows. With a median tax-to-GDP ratio of only 14 percent, African nations are ensnared in systemic underdevelopment and debt dependency.
This event comes at a pivotal time ahead of the FfD4, set to take place in 2025 in Seville, Spain. The FfD4 represents a critical opportunity to reshape the global financial architecture and amplify Africa’s voice in global economic governance.
Details on the side session below;
📅 Date: Friday, 25 April 2025
Time: 2:30 PM – 5:00 PM EDT
📍 Venue: OSF DC Office, 1730 Pennsylvania Avenue, NW, Washington, DC 20006
In-person attendees: Registration form
Virtual Link: Click here to join the meeting
Please note: In-person attendance is limited to registered participants only.
The current international financial system has failed to provide adequate and equitable solutions. Despite comprising 30 percent of the world’s mineral reserves, Africa captures only 40 percent of its potential mineral revenues. Initiatives such as climate financing and SDR allocations have fallen short, demonstrating the urgent need for reform.
This dialogue is part of a wider civil society push, coordinated through the Civil Society Financing for Development (CS FfD) Mechanism, to ensure that African perspectives meaningfully shape the FfD4 agenda and outcomes.
For more information about the event and the FfD4 process, please contact Everlyn Muendo at emuendo[@] taxjusticeafrica.net.