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African Conference on Debt and Development (AfCoDD I)

Brief on AfCoDD I

The African Conference on Debt and Development (AfCoDD) is an annual forum that brings together political, technical, and civic leaders from Africa to deliberate and agree on commitments that safeguard the macroeconomic sustainability of the continent towards achieving the structural transformation espoused in Agenda 2063.

Objectives

The objectives of AfCoDD are:

  1. Political mobilisation on a Common African Position on debt anchored in the African Borrowing Charter;
  2. Contributing to Pan-African Ideation on public debt – Academic and Research interrogation of debt in Africa from a political, economic, and social drivers’ perspective; and
  3. Citizen mobilisation on public debt linked to strengthened transparency, accountability, and governance (TAG).

Conference Pillars

  1. Political – This pillar will focus on Africa’s engagement and role in the current debt architecture as a rule take, and look into building a new political consensus for a new debt architecture where it is a rule maker. We look to have a high-level political dialogue with representation from the African Union Special Envoys, United Nations Economic Commission for Africa, the African Development Bank, AUDA-NEPAD, UNDP, PAP, and the Regional Economic Communities and their Parliamentary Bodies.
  2. Research and Ideation – This pillar is about contributing to the Pan-African knowledge and intellectual perspectives of debt, development finance, and structural transformation of Africa. There will be a call for papers to be presented at the AfCoDD that have debt as a central theme and its intersectionality with broader development and development finance aspects. A journal of selected papers for presentation will be launched at the AfCoDD.
  3. Public Mobilisation – This pillar is about national civic movement building in a sustained manner beyond the current debt crisis. It will be anchored on the African Borrowing Charter as a commitment to actively participate in national debt dialogues, and call for greater transparency, accountability, and governance on public debt matters. It will be the foundation for launch of the African Day for Debt Action (ADDA) to be held on the eve of the AU Finance Ministers Meetings.

Outcomes

The AfCoDD has three main expected outcomes that will be tracked over the next five years:

  1. Short-Term – (1) Relaunching the African Borrowing charter for political and citizens mobilisation with a message that galvanises African citizens around the clarion call for: (i) Debt Relief and Cancellation; and (iii) An African Common Position on Public Debt endorsed by Member States of the African Union; (2) Launching the Journal of Research papers from the conference
  2. Medium-Term – (1) A truly common framework for debt relief and restructuring that brings together ALL creditors; A more engaged and active citizenry on public debt issues; inclusion of stronger safeguarding clauses (e.g. Hurricane clauses) in debt contracts to protect debtor nations and trigger repayment breaks in times of crises; debt cancellation; (2) A model Debt/Loan Contract for African governments; and
  3. Long-Term – Reform of the debt architecture at global, continental and national levels; the agreement to establish a ‘Global Debt Authority’; the transparency, accountability, and governance (TAG) agenda fully supported by National governments in public debt discourse.

Programme:

1. Combined Programme EnglishFrench

2. Schedule of Sessions on Political Dialogue

2. Schedule of Sessions on Knowledge & Ideation

3. Schedule of Sessions on public mobilisation

Partners:

Speakers

Meet AfCoDD Speakers

Reports

Content will be uploaded after the conference.