AERC at e World Bank/IMF Spring Meetings

May 2, 2025

African leaders are advocating for a new approach to measuring the continent’s green wealth, emphasizing that current  gross domestic product measures in most African countries are outdated and underestimate their true wealth.

They spoke on Thursday at an event hosted by the African Union Commission and the African Development Bank Group at the African Union Mission to the United States on the sidelines of the 2025 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF).

“We need to talk the talk and walk the talk. It is time to turn our commitments and pledges into concrete actions,” said Ambassador Hilda Suda-Mafudze, Permanent Representative of the African Union Mission to the U.S. “We need to invest in our systems of national accounts. If we want to have accurate measures of our wealth and create a store of assets, we can leverage them to drive our ambitions of shared prosperity and sustainable development.”

African Economic Research Consortium
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