At the African Union’s first Debt Conference held in Lomé, Togo, in May 2025, leaders and experts proposed concrete reforms to address rising debt distress across the continent.
With several African countries facing economic challenges and with outdated global mechanisms slowing relief, the AU is advancing new solutions: from enforcing creditor participation to launching a Pan-African Credit Rating Agency to ensure debt supports, rather than hinders, Africa’s development goals.
The conference brought together heads of state, finance ministers, central bank governors, multilateral institutions, and civil society representatives to address Africa’s growing debt crisis and chart a path towards fiscal sustainability.
As of 2024,…