On April 29 in Nairobi, Kenya, African leaders and finance ministers gathered to discuss economic reforms aimed at accelerating the continent's development. The summit, co-hosted by Kenya and the World Bank, highlighted Africa's potential for growth and transformation.
Dr. William Ruto, President of Kenya, expressed the urgency for change, stating, “Our people and we, the leaders of Africa, are impatient for change and we want to transform the continent at this moment of tremendous opportunities.”
Sellah Bogonko, CEO of Jacob’s Ladder, emphasized the importance of collaboration between young people and leaders, saying, “We young people are not merely asking what you can do for us. We are available to co-create solutions together with you—our elected leaders—with support from IDA.”
Ndidi Nwuneli, President of the ONE Campaign, called for a transformative approach in IDA21, emphasizing the need for transparency and accountability to build stable and resilient economies for the future.
World Bank President Ajay Banga reaffirmed the institution's commitment to Africa's development, stating, “We are united by a shared vision for the future of Africa—a continent rich in diversity, culture, and potential, thanks to its young people and natural resources. These are the ingredients that can power our future.”
The summit witnessed the formation of a powerful coalition comprising leaders, global youth, the private sector, and civil society, advocating for increased donor funding for IDA21. This coalition aims to drive transformational impact in Africa and beyond, with a focus on improving lives, combating climate change, and creating jobs.
The leaders at the summit issued a communique outlining their commitment to strengthening governance, unlocking private sector potential, mobilizing resources, delivering on climate goals, and enhancing resilience to climate change and conflict.
The call for ambitious transformation in Africa, particularly in supporting the continent's young people, reflects a collective effort to harness Africa's potential for growth and development.