Uganda Debt Network hosted a conference whose theme was: "Financing Alternatives for infrastructure (roads) and Universal Healthcare beyond Borrowing" from the 11 to 13 of September 2019 in Entebbe, Uganda. The main objective was to discuss and map a way for generating sustainable solutions for African countries to finance health and road infrastructure, given the rareness of external development assistance. AFRODAD as one of the leading invited pan-African high-level organisations from various countries, Uganda, South Sudan, Ethiopia, Tanzania, Kenya, and Rwanda. There is a tendency by African countries to borrow when there is a gap in financing for development without exploring other funding sources. AFRODAD urged the need for Governments to scale borrowing down and focus on adequately mobilizing and utilizing the domestic revenue coffers available. Developing Innovative mechanisms such as remittances, savings from the curtailment of illicit financial flows (IFFs), diaspora funds, better negotiated mineral contracts and the expansion of Africa's fiscal space are alternative sources of funding for Africa's Health sector and infrastructural development. AFRODAD lobbied for the curtailment of illicit financial flows and improvement in resource management capacity through the elimination of corruption in government revenues. In the context of project financing, African governments have a responsibility to conduct a thorough ex -ante investigation (before any project is implemented) into the financial, operational, civil, social, cultural and environmental implications of the project and its funding. Results of the project evaluation studies should be made public. The conference was a great platform for AFRODAD to advocate for prudent debt management among the government officials present.
A prosperous Africa based on an equitable and sustainable development.
To contribute to Africa’s inclusive economic growth and sustainable development through influencing policy change on debt management and development finance anchored on rights based approaches.
To influence African Governments to institute and implement policies and practices for sustainable development and eradication of poverty.Read More