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  • 31 Atkinson Drive,

    Hillside, Harare, Zimbabwe

  • +263 242  778531/6


  • 08.30 - 17.00

    Monday to Friday

AFRODAD at national, regional and international managed to enhance transparent, accountable, sustainable and inclusive public debt management and development effectiveness based on a human right values system in a number of African countries.

-         By the end of 2017, AFRODAD noted that countries of Mozambique, Swaziland, Mauritius, Rwanda, Uganda, and Cameroon are implementing debt management policies and practices that enhance inclusivity, transparency and accountability in line with the principles of the AFRODAD Borrowing Charter. AFRODAD had high level engagements and made demands to policy makers of the above countries, including Directors of Debt Management in the Ministries of Finance. Officials pledged to make sure that their governments continue to manage the debt prudently to enable the country’s development

-         AFRODAD engaged parliaments of Swaziland, Mozambique, Rwanda, Uganda, Mauritius, Cameroon and Uganda, and initiated to debate which will result in the enactment of legislations that enhance effective parliament oversight on all public borrowing.

-         The following CSOs Networks have been actively involved in loan contraction processes and debt management through public debates which mobilises the grassroots, workshops and engaging their respective national governments on issues of debt management and transparent loan contraction processes. These are Mozambique Debt Group (MDG), Zimbabwe Coalition on Debt and Development (ZIMCODD), Uganda Debt Network (UDN), PFIAD - Plate Forme D’information Et D’action Sur La Dette   Cameroon; Mauritius Council for Social Services (MACOSS); Rwanda Religious Forum; Tanzania Coalition and Network on Debt and Development – (TCDD); Somali Disaster Resilience Institute SDRI; and Justice Africa South Sudan. This has been as a result of collaborative efforts with AFRODAD. Going forward these CSOs will be able to be engaged from the initial stages of projects development, analysis of loan terms and conditions, loan negotiations, and be watchdogs on projects implementation and utilisation of funds, and impacts assessments.

-         African debtor countries are slowly demanding adoption of fair, less costly, orderly new sovereign debt restructuring mechanism. Countries issuing sovereign Bonds on the international capital markets include Mozambique, Zambia, Kenya, Côte d’Ivoire, Senegal, Ethiopia, Ghana and Rwanda are aligning their debt contracts to UNCTAD principles, and include very clear debt dispute mechanism. Through the workshops, meetings and conferences AFRODAD organised since 2015, sovereign debt restructuring were discussed and demands made that African debtor countries adopt fair, less costly, orderly new sovereign debt restructuring mechanisms.

-         The Work Bank (WB), International Monetary Fund (IMF) and African Development Bank (AfDB) have been our targets for debt work over the years. Our policy engagements with them have positively resulted in our demands on debt being heard .They acknowledge CSOs inputs and participations through writing directly to us via email and AFRODAD monitors the uptake of our policy recommendation in these institutions new policy documents.

-         Produced research based evidence for advocacy - AFRODAD researches on external and domestic debt in Rwanda, Mauritius, Uganda, Cameroon, Tunisia, Gabon and regional debt profiles for Africa‘s five sub-regional blocks of East, West, Central, North and South have been useful for governments, academic and by civil society organisations. They brought to the attention of policy makers countries whose debt are reaching unsustainable levels and calls for correctional measures to be put in place.

-         Monitoring Domestic debt - domestic debt which now constitutes a large share of the total public debt stock and its servicing takes up a large share of total government expenditure keep under scrutiny. AFRODAD has managed to do research and our reports on domestic debt were used by AFRODAD and its partners like Eurodad to campaign for African countries such as Cameroon, Uganda, Namibia, and Kenya to keep this type of debt under scrutiny.

-         AFRODAD in collaboration with PFIAD Cameroon undertook a study on “Debt Management in Africa: The Case of Cameroon”. The overall objective of the study was to establish the trends, level and impact of both external and domestic debt on the Cameroon economy. The study completed and the report was subjected to a launch and validation workshop.   AFRODAD organized a validation workshop on the 28th July 2017, in Doula, Cameroon. AFRODAD collaborated with - Plate Forme D’information Et D’action Sur La Dette (PFIAD) in organising the workshop. The conference provided a rich platform to discuss core challenges arising from the management of public debt in Cameroon and regional level. The 40 participants were drawn from Cameroon, Chad, Gabon, Guinea and Central Africa Republic. Members of parliament from Cameroon and government officials including the Governor of the Cameroonian region of Doula and his staff attended. The study was successfully validated. AFRODAD expects the partners in their respective countries to push for the research policy recommendations implementation. The partners developed an action plan to take forward debt work in Central Africa.

-         Debt policy changes - AFRODAD, coordination with national partners, contributed to action being taken towards debt policy changes in several countries. Tanzania, Liberia, Kenya and Zimbabwe embarked on major debt policy reforms as a result of civil society pressure. While it was not always possible for AFRODAD to secure reforms by governments, the advocacy that it undertook with its partners ensured that debt issues were kept on the agenda and that pressure was brought to bear on governments to reform.

-         AFRODAD implemented activities that sought to strengthen evidence base and tools to use when advocating for government transparency and accountability on public borrowing. The revision of the Borrowing Charter and profiling of regional debt status in Southern, Eastern, Western, Northern and Central Africa. AFRODAD was invited by UNCTAD to present the borrowing charter to selected government officials on the sidelines of UNCTAD Conference in Nairobi 2015.

-         Furthermore, AFRODAD organised side events at the 2015, 2016, and 2017World Bank/IMF Spring and Annual Meetings and invited key staff in relevant departments to respond to policy issues raised by AFRODAD and its partners. These meetings also provided an opportunity to present the policy briefs and make verbal presentations during meetings with Sub–Sahara Africa IMF Staff and IMF Executive Directors.

-         Mozambique’s debt crisis provided an opportunity for AFRODAD and its partner in that country Mozambican Debt Network Grupo da Dívida (MDG) to lobby and advocate for responsible lending and borrowing principles, using Borrowing Charter principles and guidelines. AFRODAD and MDG convened a national workshop on “New Debt Crises in Mozambique - Challenges and Options for Civil Society” in June 2016 where we lobbied the Mozambican government for improved transparency and accountability on public debt. Twenty parliamentarians attended the workshop and pledged to bring up the issue of public debate in parliament. Following the workshop, the Mozambican parliament debated legislation to enhance effective parliamentary oversight on all public borrowing.

-         UN General Assembly Resolution on Basic Principles for Debt Restructuring Processes - to date, at the global level, global debt networks have achieved a big milestone in having the UN General Assembly set out nine Basic Principles for Debt Restructuring Processes, which were adopted in September 2015. The resolution meant that the UN General Assembly has declared that sovereign debt restructuring processes should be guided by principles. While the resolution does not reflect the original subject of establishing a multilateral legal mechanism for sovereign debt restructuring, the nine core principles that have been adopted are historical breakthrough at the UN. The majority of debtor nations in the world spoke out for a change to the current creditor-led debt system that has repeatedly failed numerous countries. In 2015, September AFRODAD was among 37 NGOs, INGOs, and networks that signed up a Joint CSO letter to the Ambassadors of European nations at the United Nations, New York urging them to work intensively with partner countries during the 70th Session of the General Assembly to reach an agreement on the modalities for further international negotiations aiming to create better debt workout institutions for the prevention of, and sustainable solution to, debt crises.

-          AFRODAD hosted three regional conferences in 2017 on debt in Central Africa in July, East Africa and Southern Africa. These conferences provided a rich platform to discuss the status of sovereign debt restructuring mechanism. The conferences had sessions on the establishment of a fair and transparent international sovereign debt restructuring mechanism. Delegates numbering 300, to the conferences included parliamentarians, civil society, and government officials, church leaders and WB/IMF officials debated and proposed a strong African perspective on this. They demanded African governments push the United Nations to come up with an international framework. It was observed that African government are not as strong as they should be on this issue.