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…and now to build a vibrant debt movement

The two-day regional conference on debt came to an end with a commitment to building a vibrant debt movement across southern Africa. In his closing remarks Percy Makombe (Team Leader: Democracy and Governance) at OSISA reiterated the institution’s vision and plan for advancing work on debt. The conference, Makombe said, was designed with the aim of improving visibility, promoting alternative thinking and amplifying alternative voices in southern Africa and the rest of the the continent. He further emphasised the need to continuously create spaces for regular thinking and dialogue in an effort to decolonise and democratise development.
In her remarks, OSISA Board Chairperson, Chilufya Chileshe urged the conference participants to stand together, act swiftly and broaden participation of youth, women and people with disabilities in all efforts aimed at addressing debt. She said the debt issue remained one of deep concern as had been stated throughout the conference duration.

Chilufya-chileshe , Percy-makombe-team-leader , Team-leader-economic , Percy-makombe , Team-leader , Social-justice , Velaphi-mamba , அணி-தலைவர்-பொருளாதார , அணி-தலைவர் , சமூக-நீதி ,

Debt: to get, to bet or to fret?

As the Open Society Initiative for Southern Africa’s (OSISA) regional conference on southern Africa’s conundrum opened in Johannesburg today, there was little agreement in the conference room. One word – conundrum – kept both speakers and the audience poles apart as they attempted to decipher what the word means in a context of rising debt levels, state bureaucratic ambivalence and a changing outlook on the movement of international finance on the African continent.
Speaking at the conference, the United Nations (UN) Independent Expert on Foreign Debt and Human Rights, Juan Pablo Bohoslavsky, said the rapid growth of external debt ratios in several countries requires action for a debt crisis to be avoided. He outlined how current debt sustainability analyses ignore potential returns from investment in human and social capital. Such returns could translate into, for example, spending on primary and secondary education, health services and social protection.

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