Ahead of the Conference of African Ministers of Finance, Planning and Economic Development (17-23 March 2021), the African Civil Society Forum on Sovereign Debt convened a meeting on 8th March 2021, organised by the African Sovereign Debt Justice Network (AfSDJN), African Forum and Network on Debt and Development (AFRODAD) and the Friedrich Ebert Foundation – AU Cooperation Office and noted with grave concern the mounting sovereign debt of African countries.

The African Finance Ministers Conference took place under the theme “Africa’s Sustainable Industrialisation and Diversification in the Digital Era in the Context of COVID-19”, but against the backdrop of a continent whose development progress and economic stability stand precariously at the edge of severe regression. You see, as the global pandemic threatens to cause irreparable damage to economies and citizen lives across the African continent, we are reminded of the urgent need to put people before profits and recall the spirit of Pan-Africanism as we strive to “Build Forward Together”. With this in mind and conscious of the complexity of rebuilding out of a crisis, the Civil Society Forum noted the following key points and offered recommendations to African Ministers of Finance in this statement below (English, French, Portuguese).

Message to the African Ministers of Finance, Planning and Economic Development On Mounting Sovereign Debt of African Countries

Message aux ministres africains des finances, de la planification et du développement économique portant sur l'accroissement de la dette souveraine des pays africains

Mensagem aos Ministros Africanos das Finanças, do Planeamento e Desenvolvimento Econômico Sobre Aumento da dívida soberana de países africanos

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