Securing Sustainable Solutions to the African Debt Crises

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The African Forum and Network on Debt and Development (AFRODAD) is a civil society organization established in 1996 as a regional platform and organisation for lobbying and advocating for debt cancellation and addressing other debt related issues in Africa.

AFRODAD to co-host WB/IMF Annual Meetings 2012 Side eventsTokyo International Forum Room (TBC) Thursday Oct. 11th 16-17:30 p.m.

"Beyond HIPC - towards a fair and transparent debt workout mechanism"

The sovereign debt crisis in the Eurozone has revived debates around a comprehensive and fair mechanism for resolving sovereign debt crises.However, not only industrialized countries in Europe are suffering from high debt indicators.So are also small island developing states (SIDS) and even some post completion point HIPCs among others.

Kenya: IMF Raises Concern Over High Public Debt

Sunday, 05 January 2014 10:45 Written by

By Solomon Kirimi,(Nairobi Star)
Kenya's rising public debt is posing a threat to economic growth in the short term, the International Monetary Fund has warned. The fund's African department director Sayeh said although the country has managed its interest rates levels well within acceptable levels, the public debt and current account deficit may threaten the growth prospects estimated at about five per cent.

World Bank and IMF tax policies : What tax policies are the IFIs advocating and practicing in developing countries?

Tax policy has been at the heart of policy advice from the World Bank and the IMF for the last decades. Through policy advice, loan conditions and defining indicators for ”good business environment”, the institutions have been influential in defining developing countries’ tax policies. While the IMF has shown a positive change in its analysis including recognising the need to assess the equity effects of taxation

Africa: Debt Audits and Debt Repudiation

Sunday, 05 January 2014 10:42 Written by

"Repudiation of odious debt, if properly implemented, is selective rather than indiscriminate. Creditors who lend in good faith for legitimate projects have no reason to fear a fair and transparent process, and no cause to withhold new lending. Indeed by freeing governments from the burden of servicing illegitimate debts and strengthening incentives for responsible lending, the strategy yields a better climate for legitimate borrowers and legitimate creditors alike." - James Boyce and Léonce Ndikumana 

LILONGWE, Malawi, 03 December 2012. Malawian President, Her Excellency, Madam Joyce Banda is expected to officially open the International Conference on Transparency and Responsible Finance in the Extractives Industry scheduled for the 6th up to the 7th of December at Sogecoa Golden Peacock Hotelin Lilongwe, Malawi. The theme of the meeting is “Experiences on Revenues: The Role of Parliamentarians and Civil Society in Transparency and Responsible Finance in the Extractive Sector.”

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