Fadhel Kaboub: Decolonising the global economic architecture: The prerequisite for a just transition

Summary

• Global South faces severe structural deficiencies that weaken its economic sovereignty, putting it at mercy of neo-colonial global financial architecture
• World Bank and IMF have no vision for decolonising African economies or addressing the roots of external debt problems
• Global South’s response to 21st century polycrisis requires structural transformation that ensures – inter alia – food and energy sovereignty

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Civil society protestors call for a just transition from fossil fuels at COP28 in Dubai, United Arab Emirates, on 5 December. Credit: UNFCCC/Mahmoud Khaled.