International Financial System

Join us for the launch of Afronomics Law's latest quarterly report, "Sovereign Debt as Subordination to Global Finance", by Prof. James Gathii and Dr. Harrison Mbori.

June 30, 2023

Excerpts from the Introduction by James Thuo Gathii

Alami’s book is particularly good at the empirics (full disclosure: I was one of the referees of this article by Alami; if my memory is correct I recommended either an immediate acceptance or publication after minor revisions). He describes and explains the ways and lengths walked by governments of these countries to manage a significant conjuncture in their recent history.

Welcome to the Fifth Afronomicslaw.org Indaba. Indaba is a Zulu and Xhosa word that refers to a meeting to discuss a serious topic – it also refers to a discussion on a matter of concern or for discussion. Our guest for the Afronomicslaw's Fifth Indaba is Professor Anna Gelpern, the Anne Fleming Research Professor at Georgetown Law and a non-resident senior fellow at the Peter G. Peterson Institute for International Economics. Her Conversation with our Professor James T. Gathii focuses on "Understanding Sovereign Debt Today".

July 2, 2021

International economic law is an emerging area of teaching, research, and practice in Africa. The area, which is a sub-field of international law, is concerned with the regulation of economic relations between states as well as the conduct of private parties involved in cross-border economic and business transactions.

Illicit Financial Flows (IFFs) are one of several impediments to achieving sustainable development in developing countries across the world. While there is no globally accepted definition of IFFs, there is global acceptance that IFFs undermine the efforts of developing countries to generate domestic revenues to finance their national development agendas. According to the United Nations (UN), developing countries face an estimated annual funding gap of $2.5 trillion to deliver on Agenda 2030. In Africa, the continent loses approximately $100 billion annually through IFFs that are generated in and moved from the continent to tax havens.