African Ministers call for a reformed global debt architecture

Economic Commission for Africa 2023

A Ministerial session of 55th session of the Economic Commission for Africa 2023.

What you need to know:

  • Hanan Morsy noted that 2023 presents a critical moment to progress reform efforts advocated by the Group.
  • The Ministers also expressed their hope that Africa, represented by the African Union, would finally obtain a permanent seat in the G20.
  • Ministers voiced concerns over rising debt vulnerabilities in Africa.
  • Eight African countries face debt distress and 13 are at high risk of debt distress per the IMF-World Bank’s Debt Sustainability Analysis.

Be the First to Know

Get the stories shaping East Africa — delivered straight to your inbox

Conflict

  1. Explainer: Why new war in Ethiopia’s Tigray threatens to trigger wider conflict

  2. Ethiopia, Sudan junta bicker again over RSF support claims

  3. East Africa’s oil rivalry is missing the bigger energy security question

  4. PRIME Why US proposal to expand Sudan arms embargo is stirring debate

Latest

  1. PRIME Scramble on for $62bn rare earths, niobium in Kenya’s Mrima Hill

  2. Explainer: Why new war in Ethiopia’s Tigray threatens to trigger wider conflict

  3. PRIME Dar port maintains lead against peers in efficiency

  4. PRIME Cereal disruption: Why wheat imports from Russia, Ukraine just got more costly

In the headlines

View All