At the Africa CEO Forum, which is taking place at the Kigali Convention Centre, Ethiopis Tafara, Vice President at the International Finance Corporation (IFC), shared an optimistic and forward-looking perspective on the enduring value of multilateral cooperation in today’s evolving global economy.
He noted that many of the world’s most pressing challenges, such as pandemics, climate change, migration, and economic shocks, are inherently global in nature and require collective solutions. Rather than being obstacles, he described these challenges as opportunities for deeper cooperation between nations and institutions, reinforcing the importance of working together for shared progress.
Tafara acknowledged the growing emphasis on national priorities across countries, including in Africa, and framed this shift as a natural part of global development. However, he emphasized that this evolution also opens the door to more balanced and purposeful collaboration, in which national interests can be aligned to produce stronger, more inclusive outcomes.
He highlighted the positive role of institutions such as the IFC and the World Bank Group in supporting this process. Rather than replacing national leadership, these institutions help create platforms where countries can connect, share resources, and transform ideas into impactful development projects that benefit multiple economies at once.
For Africa, he pointed to significant opportunities in regional integration, infrastructure expansion, and climate resilience initiatives, all of which can be accelerated through effective partnerships. He stressed that multilateral cooperation continues to provide the tools needed to unlock large-scale investment and drive sustainable growth across the continent.
Tafara’s message also complemented broader discussions at the forum on African ownership and economic empowerment. These conversations reflected a shared vision: an Africa that confidently defines its own value while actively engaging in global partnerships that advance its development.
He emphasized, on a positive note, that sovereignty and multilateralism are most effective when working hand in hand. Together, they form a strong foundation for Africa’s continued economic growth, resilience, and long-term prosperity.
