In this year’s Foresight Africa, AGI scholars and invited experts delve deeply into six overarching themes that highlight areas in which African countries and their citizens are taking the lead to achieve inclusive growth. In a world where China and other emerging economies are ascendant, where cooperation on global governance is under challenge, and where free trade faces headwinds, Africa needs its own institutions to play a more assertive role in advancing the continent’s agenda. The potential for a more unified Africa to create never-before-seen opportunities for trade and economic prosperity is gaining traction. Through our exploration, we hope to emphasize that Africa’s future lies in its own hands and that it already has the power to reach its goals.
African leaders describe initiatives to help the continent harness its potential to secure its future. African institutions—particularly the African Union, the United Nations Economic Commission for Africa, the African Development Bank, and regional economic communities—are already unveiling strategies to tackle the continent’s challenges more effectively. Indeed, 2018 is the year in which Africa can unleash its inner strengths.
Realizing a future of African self-reliance will require concerted support for sustainable development financing. With external financing conditions likely to worsen in the medium term, it will become imperative for African countries to enhance domestic resource mobilization. In Chapter 2, our authors describe, and argue for, new and innovative instruments to better mobilize and leverage resources for development financing.