United Nations — To achieve the Sustainable Development Goals (SDGs) and Agenda 2063 aspirations, Africa requires an additional $1.3 – 1.6 trillion in financing.
According to a new report ‘Unpacking Africa’s Debt: Towards a Lasting and Durable Solution’ by the UN Special Advisor on Africa launched on 14 November 2024, borrowing remains a necessary tool to navigate the compounding crises of financial distress, climate change, food insecurity, and persistent conflict.
The report emphasizes the need to re-examine Africa’s historical reliance on debt instruments to address structural constraints and unlocking economic opportunities. By fostering economic growth and ensuring debt sustainability, debt can become a tool for progress rather…
