The African Union Commission (AUC) is set to organize a conference on debt in Togo from May 12 to 14 to shape a sustainable financial future for the continent.
Under the theme "Africa's Public Debt Management Program: Restoring and Preserving Debt Sustainability," this conference will bring together AU member states, policymakers, financial experts, and key stakeholders, including representatives from finance ministries, African central banks, regional economic communities, African multilateral financial institutions, and civil society organizations.
The conference will focus on several key issues, including facilitating the exchange of knowledge and sharing best practices in debt management among African Union member states.
Another essential goal of the conference is to formulate a position on the reforms needed in the current global financial architecture to address the ongoing debt crisis on the continent.
The conference will also attempt to devise innovative debt financing mechanisms to secure new funding while maintaining debt sustainability, as well as exploring and recommending sound debt management practices necessary to restore and preserve public debt sustainability in Africa.
