# An exciting new conjuncture  
A conjuncture is the convergence of independent factors that generates a new and unpredictable situation that lasts. The new and exciting conjuncture referred to here is made of four distinct developments: (1) a new institutional framework; (2) the improvement of the general economic and social outlook of Africa, despite persistent problems; (3) the expansion and acceleration of economic cooperation between Africa, Asia and South America; and (4) the development of a multipolar world.