Already African Ministers are urging caution on the upcoming G20 Summit citing the traditional economic order that "marginalizes and patronizes" the continent. It is clear that Africa is not adequately represented in the global economic architecture.
African countries should not be hoodwinked by proposals to peddle Vulnerability Fund as a panacea to her economic woes. Policy makers on the continent ought to focus on initiating a new economic order that will address wealthy nations' subtle protectionist measures dressed in debt, aid, trade distorting subsidies and skewed international trade policies.
Africa should rethink its relationship with the World Bank, the IMF and their allied international agencies and seek to build institutions that will address the continent's interests.
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