According to him, Africa must consciously protect its public bodies from political interference if it ever hopes to build a globally competitive ecosystem. Expressing deep worry over institutional decay, Jonas remarked, “You need to hardwire democracy, you need to hardwire economic growth, you need to hardwire economic inclusion. Institutions are central in that process… Once you rubbish your institutions, the country goes down the tube.” However, experts stress that such capital flows remain highly volatile and tend to flee at the slightest sign of political instability or judicial compromise. AdvertisementAs fiscal headwinds worsen across developing economies, Jonas warned African governments against taking shortcuts or manipulating tax policies at the expense of structural credibility, emphasising that a country’s economic survival depends on predictable, independent institutions.