{"id":1499,"date":"2024-07-06T17:01:03","date_gmt":"2024-07-06T17:01:03","guid":{"rendered":"https:\/\/dev.mackysallfoundation.org\/?p=1499"},"modified":"2024-07-09T13:29:59","modified_gmt":"2024-07-09T13:29:59","slug":"africa-must-have-access-to-capital-markets","status":"publish","type":"post","link":"https:\/\/dev.mackysallfoundation.org\/fr\/africa-must-have-access-to-capital-markets\/","title":{"rendered":"Macky Sall : \u00ab L\u2019Afrique doit avoir acc\u00e8s aux march\u00e9s de capitaux \u00bb"},"content":{"rendered":"

AIX ECONOMIC MEETINGS –<\/strong>\u00a0In an interview with La Tribune, the former President of Senegal and Special Envoy for the Paris Pact for People and the Planet emphasizes the necessity for Africa to access capital markets to ensure its economic development.<\/p>\n\n\n\n

LA TRIBUNE:<\/strong> Regarding the reduction of public development aid by 800 million euros announced by France last spring, could this push more private companies to invest in this area? What is your perspective on this?<\/p>\n\n\n\n

MACKY SALL:<\/strong> We can summarize by saying that public development aid has not yielded the expected results and cannot be the solution anticipated by Africans for development. Today, we are rather talking about partnerships and access to capital markets under sustainable conditions. What Africa is asking for is access to these markets without being hampered by the risk perception rating system. This system makes the cost of money very high for developing countries, even though they are making efforts to pay their debts. Africa has enormous deposits of rare earths, critical minerals, various forms of mineral resources, energy including gas, oil, solar, watercourses, and arable land for agriculture. What it lacks is capital. We must stop viewing Africa as just a reservoir of natural resources and instead see it as a genuine economic actor.<\/p>\n\n\n\n

Was the creation of the Paris Pact for People and the Planet aimed at addressing this?<\/strong><\/p>\n\n\n\n

The creation of the 4P indeed stemmed from this question: how to finance development? At the Paris summit convened by President Emmanuel Macron in 2023, 32 countries attended and created this pact to provide a collective response, rethink multilateralism to make it more inclusive, more lateral, and more transparent. This requires a reform of the international financial architecture. Institutions arising from the Bretton Woods consensus must take into account the presence of new entrants: African, Asian, and Latin American countries, often referred to as the Global South. Their concerns about financing their development and climate transition must be addressed.<\/p>\n\n\n\n

Can we nevertheless say that the dialogue has changed and is less unilateral today?<\/strong><\/p>\n\n\n\n

Efforts have been made, but they are still timid. Africa has been admitted to the G20 and has just obtained a third seat on the board of the International Monetary Fund. These are commendable progress, but they are not sufficient. The needs of a vast continent of 30 million square kilometers and 1.4 billion inhabitants cannot be met through public development aid alone. Innovative solutions must be devised together. We need platforms for dialogue, which is the current mission of the 4P (Paris Pact for People and the Planet).<\/p>\n\n\n\n

\n\n\n\n

Macky Sall : \u00ab L’Afrique doit pouvoir avoir acc\u00e8s aux march\u00e9s des capitaux \u00bb<\/h2>\n\n\n\n

RENCONTRES ECONOMIQUES D’AIX – Au micro de La Tribune, l’ancien pr\u00e9sident du S\u00e9n\u00e9gal et envoy\u00e9 sp\u00e9cial du Pacte de Paris pour les peuples et la plan\u00e8te, alerte sur la n\u00e9cessit\u00e9 pour l’Afrique d’avoir acc\u00e8s aux march\u00e9s de capitaux pour assurer son d\u00e9veloppement \u00e9conomique.<\/p>\n\n\n\n

LA TRIBUNE – Concernant la r\u00e9duction de l’aide publique au d\u00e9veloppement de 800 millions d’euros annonc\u00e9e par la France au printemps dernier, cela pourrait-il pousser davantage d’entreprises priv\u00e9es \u00e0 s’investir sur ce sujet ? Quel regard portez-vous sur cela ?<\/strong><\/p>\n\n\n\n

MACKY SALL –<\/strong>\u00a0On peut\u00a0r\u00e9sumer en disant que l’aide publique au d\u00e9veloppement n’a pas donn\u00e9 les r\u00e9sultats escompt\u00e9s et ne peut pas \u00eatre la r\u00e9ponse attendue par les Africains pour le d\u00e9veloppement. Nous parlons plut\u00f4t aujourd’hui de partenariats et d’acc\u00e8s aux march\u00e9s des capitaux dans des conditions soutenables. L’Afrique, ce qu’elle demande, c’est de pouvoir avoir acc\u00e8s \u00e0 ces march\u00e9s, avec des conditions qui ne soient pas handicap\u00e9es par le syst\u00e8me de notation sur la perception des risques. Car c’est \u00e7a qui fait que le prix de l’argent est tr\u00e8s \u00e9lev\u00e9 quand on est un pays en d\u00e9veloppement, alors que ce sont des pays qui font l’effort de payer leur dette. Car si l’Afrique a des gisements \u00e9normes en terres rares, en minerais critiques, en toute sorte de min\u00e9ralisation, d’\u00e9nergie dont du gaz, du p\u00e9trole et du soleil, des cours d’eau, mais aussi des terres arables pour l’agriculture, il ne lui manque que des capitaux. Il ne faut plus voir l’Afrique comme un r\u00e9servoir de ressources naturelles, mais la consid\u00e9rer comme un v\u00e9ritable acteur \u00e9conomique.<\/p>\n\n\n\n

Etait-ce le but de la cr\u00e9ation du Pacte de Paris pour les peuples et la plan\u00e8te ?<\/strong><\/p>\n\n\n\n

La cr\u00e9ation du\u00a04P est, en effet, venue de cette question : comment financer le d\u00e9veloppement ? En effet, lors du sommet de Paris convoqu\u00e9 par le pr\u00e9sident Emmanuel Macron en 2023, 32 pays ont r\u00e9pondu pr\u00e9sent et ont cr\u00e9\u00e9 ce pacte afin d’apporter une r\u00e9ponse collective, de repenser le multilat\u00e9ralisme, qu’il soit plus inclusif, plus lat\u00e9ral et plus transparent. Pour cela, il faut une r\u00e9forme de l’architecture financi\u00e8re internationale. Il faut que les institutions issues du consensus de Bretton Woods tiennent compte de la pr\u00e9sence des nouveaux arriv\u00e9s : les pays africains, asiatiques, d’Am\u00e9rique latine, qui sont du Sud global comme on dit. Il faut qu’on tienne compte de leurs pr\u00e9occupations dans le financement de leur d\u00e9veloppement, dans la transition climatique.<\/p>\n\n\n\n

Peut-on n\u00e9anmoins dire qu’aujourd’hui le dialogue a chang\u00e9, qu’il est moins unilat\u00e9ral ?<\/strong><\/p>\n\n\n\n

Il y a des efforts, mais c’est encore timide. L’Afrique a \u00e9t\u00e9 admise au G20, elle vient d’obtenir un troisi\u00e8me si\u00e8ge au conseil d’administration du Fonds mon\u00e9taire international. Ce sont des progr\u00e8s \u00e0 saluer, mais ce n’est pas suffisant. Les besoins sont tels, pour ceux qui veulent assurer le d\u00e9veloppement d’un vaste continent, de 30 millions de kilom\u00e8tres carr\u00e9s, d’un milliard quatre cent mille habitants, qu’il ne faut pas r\u00e9gler ces besoins avec l’aide publique au d\u00e9veloppement. Il faut donc des solutions innovantes que l’on doit inventer ensemble. Nous avons besoin de plateformes de dialogue, et c’est aujourd’hui la vocation du 4P (Pacte de Paris pour les peuples et la Plan\u00e8te).<\/p>\n\n\n\n

via La Tribune<\/a><\/p>","protected":false},"excerpt":{"rendered":"

In an interview with La Tribune, President Macky Sall emphasizes the necessity for Africa to access capital markets to ensure its economic development.<\/p>","protected":false},"author":1,"featured_media":2555,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7,56,47],"tags":[52],"msf_theme":[69],"msf_place":[],"class_list":["post-1499","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-featured-publications","category-media-statements","tag-brettonwoodsreform","msf_theme-development"],"_links":{"self":[{"href":"https:\/\/dev.mackysallfoundation.org\/fr\/wp-json\/wp\/v2\/posts\/1499","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.mackysallfoundation.org\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.mackysallfoundation.org\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.mackysallfoundation.org\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.mackysallfoundation.org\/fr\/wp-json\/wp\/v2\/comments?post=1499"}],"version-history":[{"count":9,"href":"https:\/\/dev.mackysallfoundation.org\/fr\/wp-json\/wp\/v2\/posts\/1499\/revisions"}],"predecessor-version":[{"id":2615,"href":"https:\/\/dev.mackysallfoundation.org\/fr\/wp-json\/wp\/v2\/posts\/1499\/revisions\/2615"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.mackysallfoundation.org\/fr\/wp-json\/wp\/v2\/media\/2555"}],"wp:attachment":[{"href":"https:\/\/dev.mackysallfoundation.org\/fr\/wp-json\/wp\/v2\/media?parent=1499"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.mackysallfoundation.org\/fr\/wp-json\/wp\/v2\/categories?post=1499"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.mackysallfoundation.org\/fr\/wp-json\/wp\/v2\/tags?post=1499"},{"taxonomy":"msf_theme","embeddable":true,"href":"https:\/\/dev.mackysallfoundation.org\/fr\/wp-json\/wp\/v2\/msf_theme?post=1499"},{"taxonomy":"msf_place","embeddable":true,"href":"https:\/\/dev.mackysallfoundation.org\/fr\/wp-json\/wp\/v2\/msf_place?post=1499"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}