The rules, institutions and operations of global markets, unchanged since the end of formal colonialism, are among the greatest obstacles to the development of African countries.
The Compact does not have the right balance between public and private financing but is heavily prone towards the private side. A fair Compact should include a strong rules-based binding framework that much more clearly points to the important roles that the state has to play in ensuring sustainable investments, human rights and environmental protection as well as attracting investors (especially domestic) through infrastructure aimed at meeting the needs of the citizenry.