G20 Common Framework & Africa’s Debt Crisis

G20 Common Framework & Africa’s Debt Crisis

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Still fit for purpose?

Join us for a virtual webinar on the sidelines of the South Africa G20 Summit to critically examine the G20 Common Framework for sovereign debt treatment with Zambia as a case study and explore the UN Sovereign Debt Mechanism as a more just, effective alternative.   

What we’ll cover

• An African-led critique of the G20 Common Framework debt treatment programme
• The lived impacts of slow or inadequate restructurings, with Zambia as a focal case study
• Gendered and social consequences of debt conditionality
• How a UN Sovereign Debt Mechanism could address delays, ensure comparability of treatment across creditors, and protect development and human rights
• Strategies for strengthening African civil society leadership and solidarity in advancing alternatives to the G20 approach

Key objectives

1. Provide an African-led critique of the G20 Common Framework Debt Treatment Programme
2. Strengthen African solidarity and civil society leadership to advance the UN Sovereign Debt Mechanism
3. Reflect collectively on the global financial architecture and the role of the G20

Expected outcomes

• Greater awareness of the G20 Common Framework’s structural limitations
• Increased support for a UN Sovereign Debt Mechanism as an equitable platform for debt resolution
• Stronger coordination to monitor G20 debt processes across Africa and the Global South
• Higher visibility of the G20’s failures to prioritize people over profits and to resolve Africa’s debt crisis

Register here for the webinar

Learn more from the concept note