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15th March 2021 JOINT WEBINAR BY THE AFRICAN FORUM AND NETWORK ON DEBT AND DEVELOPMENT (AFRODAD) AND THE SOUTHERN AFRICA DEVELOPMENT COMMUNITY PARLIAMENTARY FORUM (SADC PF) ON IMF SPECIAL DRAWING RIGHTS AS ONE OF THE FINANCING OPTION TO FIGHT AGAINST THE COVID-19 PANDEMIC AND ECONOMIC RECOVERY IN AFRICA, HELD ON 15th MARCH 2021 The African Forum and Network on Debt and Development (AFRODAD) on March 15th, 2021 held the first in a series of webinars on “IMF Special Drawing Rights: An Option for Financing the Fight Against COVID-19 Pandemic and Economic Recovery in Africa”, in collaborat...

Should Zimbabweans worry about tax Exemptions? Details / On the 27 th of January 2021 the government of Zimbabwe through the Minister of Finance gazetted the Income Tax (Exemption from Income Tax) (Great Dyke Investments Private Limited) Notice, 2021 or the Statutory Instrument 26 of 2021.  In a context where the country has been exposed for its fragile public health and education services by the Covid-19 pandemic, the act of surrendering the tax rights by government confirms that government is not pro poor. Especially considering that there is no empi...

Please click icon social below to unlock the content Relaunch of the Stop the Bleeding Campaign: The need for Africa to Harness Tax Revenue from Extractives for Adaptation and Resilience Against Covid-19 Details / Hits: 149 Against the backdrop of the dire situation that many African countries have found themselves in due to Covid-19, the Stop the Bleeding (STB) campaign relaunched the initiative during the 12 th edition of the Alternative Mining Indaba (AMI) which was held virtually from 8th to 12th February 2021, under the theme “Building f...

Stakeholder Meeting on Debt Relief, Restructuring and Domestic Resource Mobilisation Details / Hits: 317 The spread of COVID-19 realities have far-reaching implications. In the case of Uganda, Covid 19 infections currently stand at just above 40,000 out of a population of 44 million people – but its economic aftermath will be long-lasting. The country has already projected a revenue shortfall of 3 trillion Ugandan shillings [1]. Most shocking is that 97 per cent of the country’s domestic revenues for the next financial year 2021/22 will be s...

Statement on the UNECA, IMF, And African Finance Ministers Meeting Outcomes Details / th February to discuss the debt crisis affecting the continent amidst the global covid-19 pandemic. The meeting sought to explore easing the fiscal constraints crisis by transforming existing liquidity instruments and easing market access to alleviate the debt burden by providing much needed liquidity for the continent’s economies. The meeting came in the wake of several African countries lining up to restructure their debts under the G20 Common Framework. Countries...