The international financial system is deepening inequality
MACKY Sall is the former President of Senegal (2012-2024) and Special Envoy for the Paris Pact for People and the Planet. When I reflect on my 12 years as president of Senegal, one lesson stands out: how stacked the international financial system is against developing countries like my own. No matter how sound our economic policies are, we are judged a risky bet. Our access to capital is both restricted and eye-wateringly expensive. Our fiscal and monetary policies are dictated, in effect, by far-away central banks. And when we try to protest, we discover that we have no voice. It…