The Development Bank of Southern Africa (DBSA) said the Finance in Common Summit (FiCS) 2025, held earlier this week in Cape Town, provided an opportunity to reshape the global financial architecture and create a system that prioritises inclusivity, sustainability, and resilience.
Africa has great potential but is hindered by financial disparities.
It is home to over 1.4 billion people, who received just 5.2% of the $650 billion Special Drawing Rights allocation in 2021.
The DBSA also said infrastructure financing gaps continue, with an estimated $1.3 trillion needed annually to meet Sustainable Development Goals (SDGs) by 2030.
Climate-related losses are estimated at about $50 billion per year by 2040, yet access to concessional financing remains limited.
FiCS 2025 convened Development Finance Institutions, Public Development Banks (PDBs), and Multilateral Development Banks to drive solutions that promote fairer resource allocation, climate resilience, and sustainable investment in infrastructure.
“By strengthening financial mechanisms that support economic stability, the Summit helped ensure that no country is left behind” the bank said.