African debt sustainability and financing needs

How can Africa ensure that the continent receives the external finance it needs while achieving and maintaining debt sustainability?

Members event, Panel
11 March 2022 — 1:00PM TO 2:30PM

The Covid-19 pandemic has exacerbated economic vulnerabilities and debt burden for African nations, with six countries already in debt distress and others at risk.  With the ending of pandemic-related support measures such as the G20 Debt Service Suspension Initiative (DSSI), and the prospect of rising US interest rates, African countries face new financing challenges for their post-pandemic recovery and longer-term development goals.

Against this background, this panel of leading experts will explore the critical question of how Africa and the wider international community can ensure that the continent receives the external finance it needs over the medium to long-term, while at the same time achieving and maintaining debt sustainability.

Questions to be addressed will include:

  • What are the current challenges in implementing the G20’s debt relief mechanism “The Common Framework for Debt Treatment beyond the DSSI”, and how can these best be addressed?

  • How should the response to the current debt challenges facing Africa be addressed in the context of Africa’s broader medium to long-term external financing requirements?

  • How has China’s role in helping to finance African development evolved over the past decade and what role can it be expected to play in the future?

  • What is the scope for more collaborative approach between Africa, China and the West in tackling the twin issues of debt distress and meeting Africa’s medium to long-term external financing needs?

For all non-members of Chatham House looking to register a place, please complete the registration form found here.

This event forms part of a project funded by the German Federal Foreign Office.

As with all Chatham House member events, questions from members drive the conversation.

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