Mineral Wealth
The U.S., its European partners, with their neoliberal free-market capitalism tactics, are in a race for the Global South’s, mainly Africa’s, critical minerals. China is also making strong inroads. In response, the continent must find a way to downplay individual nation-state differences and make regional and continental organizations like the African Union and the African Continental Free Trade Area (AfCFTA) a source of protection and financial stability for its people and countries. An open letter issued ahead of the forthcoming World Bank Group and International Monetary Fund annual meeting implored Global South leaders, including those in Africa, to urgently address the unsustainable and debilitating debt challenges faced by low-and middle-income countries and somehow turn debt into sustainability. The letter published Oct. 12 titled “A Call for Urgent Debt Reform Ahead of the World Bank and IMF Meetings” was signed by 24 members of the UN Secretary-General’s Expert Gro...