President John Dramani Mahama is in Lomé, Togo to address the African Union Conference on Debt.
The three-day meeting, which is being convened by the African Union Commission’s Department for Economic Development, Tourism, Trade, Industry, and Minerals (ETTIM) is the theme: “Africa’s Public Debt Management Agenda: Restoring and Safeguarding Debt Sustainability.”
The conference will convene AU Member States, policymakers, financial experts, and key stakeholders, including representatives from Ministries of Finance, African Central Banks, Regional Economic Communities, African Multilateral Financial Institutions, and Civil Society Organizations.
It will focus on key specific objectives such as facilitating knowledge exchange and share cutting-edge practices in debt management in African Union (“AU”) Member States.
Formulate a position on the needed reforms to the current global financial architecture to address the current debt crisis on the continent.
Formulate and discuss innovative debt financing mechanisms for securing new financing while maintaining debt sustainability.
Explore and recommend sound debt management practices needed to restore and safeguard public debt sustainability in Africa.
GNA
