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African Countries Must Be Transparent and Accountable in Managing Sovereign Debt

African Countries Must Be Transparent and Accountable in Managing Sovereign Debt
allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.

Theo Chiviru , Addis Ababa , Misheck Mutize , Bernadette Namata , Elizabeth Ampairwe , Henry Kilonzo , Head Of Credit Ratings Department , Government Partnership , World Bank , Team Lead For Africa , Forum For Women , African Economic Conference , Saharan Africa , Ratings Department , African Peer Review Mechanism , Team Lead , Open Government Partnership , Programmes Director , Senior Manager , Foundations Programmes , Harnessing Africa , தலை ஆஃப் கடன் ரேடிஂக்ஸ் துறை , அரசு கூட்டு , உலகம் வங்கி , மன்றம் க்கு பெண்கள் , ரேடிஂக்ஸ் துறை ,

African countries must be transparent and accountable in managing sovereign debt | United Nations Economic Commission for Africa

Addis Ababa, Ethiopia, December 10, 2020 - African countries must be more transparent and accountable when managing sovereign debt amid rising concerns of impending debt distress engulfing the continent. Experts issued the warning on Thursday during a special session on the final day of this year’s African Economic Conference (AEC).
This comes partly because public external debt in sub-Saharan Africa is on the rise. According to World Bank data, 18 countries are at high risk of debt distress – a number that has more than doubled since 2013 - while eight countries are already in distress. The COVID-19 pandemic has worsened the situation.
The experts, representing governmental bodies, development finance institutions, civil society and international think-tanks, were discussing “Harnessing Africa’s on-going initiatives to better prepare for future emergencies”. The conference, held virtually for the first time, was themed, “Africa beyond COVID-19: Acceleration to ....

Theo Chiviru , Addis Ababa , Misheck Mutize , Bernadette Namata , Elizabeth Ampairwe , Henry Kilonzo , Head Of Credit Ratings Department , Government Partnership , World Bank , Team Lead For Africa , Forum For Women , African Economic Conference , Saharan Africa , Ratings Department , African Peer Review Mechanism , Team Lead , Open Government Partnership , Programmes Director , Senior Manager , Foundations Programmes , Harnessing Africa , தலை ஆஃப் கடன் ரேடிஂக்ஸ் துறை , அரசு கூட்டு , உலகம் வங்கி , மன்றம் க்கு பெண்கள் , ரேடிஂக்ஸ் துறை ,