Date
13 July 2024
The policy paper titled "Legal Review of Contractual Agreements on African Debt" highlights the challenges faced by African countries in managing sovereign debt, emphasizing the need for transparency, fairness, and sustainability in debt agreements. It discusses the complexities in negotiating debt contracts, the importance of legal frameworks, and the role of civil society in influencing debt negotiations. The paper calls for enhanced transparency, binding standstills during crises, and the development of model contracts to empower African governments in debt negotiations. It concludes by stressing the importance of cooperation among stakeholders to create a more equitable and resilient debt landscape in Africa.
