The Borrowing Charter aims at sustainably balancing public debt levels with the necessity to accelerate inclusive development and enhance public service delivery in Africa. It aims at contributing to improvements in the transparency of the political, institutional and administrative processes used; and the accountability of the State actors involved in; the contraction and management of public debt, the issuance of public guarantees, the selection and implementation of debt financed projects and the formulation and execution of overall fiscal policy, within the context of strengthened legal frameworks and the rule of law.