The Intstructural Power of Government Bonds in Africa

The moment that you're so reliant on private finance for your monetary, fiscal and social policies, that means that reform of the system is much more difficult politically. You have to radically change the way you design and implement your own set of policies which are part of the social contract with your citizens. And one of the reasons, if you look at who's designing these measures for the for uneka, iits private finance,. Its people from systemic asset managers who have been purchasing their government bonds for a long time. The consequences, to me, are very clear at the level o distribution, right? And you point to that.