The African Development Bank (AfDB) has inaugurated the Debt Management Forum for Africa (DeMFA), a strategic platform aimed at addressing Africa’s escalating debt challenges. The forum was launched during a two-day event held on December 16-17, 2024, in Abuja, Nigeria, under the theme “Making Debt Work for Africa: Policies, Practices, and Options.”
The event convened key stakeholders including representatives from African Ministries of Finance, Central Banks, debt management offices, academics, and financial experts. The discussions focused on the continent’s rising debt levels, increasing borrowing costs, and declining credit ratings, and sought to identify policies and strategies to enhance debt sustainability and…
