‘Smarter money’ is the key that will unlock the promise of Africa and the Caribbean

Regions' vast potential is being blocked by the need for better investments, key partnerships and reforms to global finance

After Hurricane Beryl stomped across the Caribbean, days after torrential rainfall destroyed thousands of homes in Ghana and Niger, it was evident that the two regions face many of the same challenges. Weeks of catastrophic events underscore the increasing necessity to transform the world's financial architecture to support these areas.

Earlier this summer, two big conferences happened simultaneously, about 7,000 miles apart. One in the Caribbean, Antigua, and the other in Africa,Kenya. The themes were similar: the financial conundrum and developmental crises plaguing the regions.