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Participants at the just concluded UN Economic Commission for Africa say “Africa’s debt challenge extends far beyond fiscal concerns as it has become a development crisis, a climate vulnerability, and a governance emergency.
The forum discussed the relationship between sustainable development and debt sustainability, credit ratings, and borrowing costs, as well as how debt management offices can leverage these interactions to support development.
This was during the UN Economic Commission for Africa (ECA) and Financial Sector Deepening (FSD) Africa that took place on Friday in Addis Ababa, Ethiopia, under the theme: “Enhancing Fiscal Space and Debt Sustainability”
“The global debt system must shift away…