The Borrowing Charter aims at sustainably balancing public debt levels with the necessity to accelerate inclusive development and enhancing public service delivery in Africa. In other words, the Borrowing Charter 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.

All the actions and expected commitments set out in the charter are in pursuit of the African shared vision of “The Africa We Want: Agenda 2063” for “A prosperous Africa based on inclusive growth and sustainable development”.

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