Africa is facing difficult times. The effects of the global economic recession and climate change have already begun to reverse the progress the continent has made over the last decade.

A high-level panel of African leaders and development experts headed by former United Nations Secretary-General Kofi Annan issued a call Friday for reforms of global governance structures to help ...

The last decade witnessed the dawn of hope on the African continent. We had achieved the fastest growth rates since independence. Our efforts to build institutions and strengthen governance were ...

Although the current global economic crisis was triggered by the financial practices of industrialized nations, African leaders have important responsibilities to meet if they are to mitigate the ...

There is little doubt that the current global financial crisis was triggered by the failure of regulatory authorities to arrest the systemic risk posed by the use of derivatives and other such ...

The impact of the global financial crisis has been largely muted in many African countries. That is thanks in no small part to the prudent management of these economies in recent years.

There is little doubt that the poor pay a disproportionately high price for every disruption of the international system.

No debate has animated policy makers and academics since the severity of the economic downturn became clear than the need for a new global standard to regulate the international finance system.

The global financial crisis has opened up an important opportunity for African Ministers of Finance and Central Bank Governors to push for more responsive and supportive multilateral institutions.

Africa is not watching from the sidelines as the global crisis unfolds.

The numbers are out and they make for painful reading: growth in Africa is likely to slow by nearly half in 2009 due to the spreading global financial crisis.

It is no exaggeration to say that Africa played no role in triggering the current crisis.

Africa has an opportunity, with a little creativity and foresight, to turn the current global economic slowdown into substantial reforms that could have lasting beneficial impact.