Thursday, 10 Jul 2025
Subscribe
Africa News
  • Africa News
  • Global News

    UK Halts Trade Talks with Israel, Imposes Sanctions Over West Bank Settler Violence

    By News Desk

    Trump Threatens Musk with “Heavy Consequences” Over Potential Democratic Funding

    By News Desk
    Current and past West African leaders assembled in Abuja, Nigeria in 2024 for an ECOWAS Conference

    Current and Past West African Leaders Urged to Prioritize Domestic Policies for Economic Relief

    By News Desk

    African Cardinals Emerge as Potential Successors to the late Pope Francis

    By News Desk
    Chinese President Xi Jinping

    China Condemns U.S. “Abuse of Tariffs,” Citing Harm to Global Economy

    By News Desk

    Gangsterism Grips South African Cities, Leaving Young Victims in the Crossfire

    By News Desk
  • Elections
  • Events
  • Opinion

    Nigerian Women Still Denied Inheritance Despite Supreme Court Ruling

    By News Desk

    AU Reaffirms Vital Partnership with EU in Pursuit of Africa’s Development Goals

    By News Desk

    Africa Mourns Pope Francis, “A Tireless Champion” Who Elevated the Continent’s Voice

    By News Desk

    South Sudan Peace Deal in Tatters as Machar’s Arrest Plunges Nation into Uncertainty

    By News Desk

    Missouri Pastor Fighting to Keep Orphaned Haitian Man from Deportation Under Trump-Era Policy Shift

    By News Desk

    Real Madrid Advance to Club World Cup Quarterfinals, Set to Face Dortmund After Narrow Juventus Victory

    By News Desk
  • Jobs
  • đŸ”„
  • Blog
  • Global News
  • Afican News
  • Events
  • Elections
  • Opinion
  • Job
  • African News
  • redbull
  • Global
Font ResizerAa
Africa NewsAfrica News
  • Africa News
  • Global
  • Elections
  • Events
  • Opinion
  • Jobs
Search
  • Personalized
    • My Feed
    • My Saves
    • My Interests
    • History
Have an existing account? Sign In
Follow US
© 2025 African News Today. All Rights Reserved.
Africa News > Blog > Events > African Union, AfDB, and Togo Join Forces to Tackle Continent’s Debt Crisis
Events

African Union, AfDB, and Togo Join Forces to Tackle Continent’s Debt Crisis

News Desk
Last updated: May 11, 2025 5:44 pm
News Desk
Share
SHARE

By Esther Edoh

LomĂ©, Togo – The African Union (AU), the African Development Bank (AfDB), and the Government of Togo are joining forces to address the growing challenge of public debt across the continent. A landmark High-Level Conference on Africa’s debt, themed “Africa’s Public Debt Management Agenda: Restoring and Safeguarding Debt Sustainability,” will be held in LomĂ©, Togo, from May 12-14, 2025.

The conference aims to forge a unified African position on debt management and engagement with creditors. Participants will work towards developing, presenting, and adopting the African Union LomĂ© Declaration on Africa’s Debt, a document outlining a set of common debt management principles for AU Member States. This shared framework seeks to guide responsible debt management and promote harmonized interactions with international creditors.

The three-day event will convene policymakers from AU Member States, debt management experts, development partners, regional organizations, civil society representatives, and academic researchers. The agenda is packed with sessions focusing on critical aspects of Africa’s debt landscape, including:

  • The Global Financial Architecture: Examining its impact on Africa’s debt landscape.
  • The Current State of Public Debt Management: Assessing existing practices across the continent.
  • Legislative Oversight and Legal Frameworks: Strengthening legal frameworks for responsible debt management.
  • Debt Relief, Restructuring, and Innovative Financing Solutions: Exploring strategies to alleviate debt burdens and secure sustainable financing options.
  • Credit Ratings: Analyzing their influence on African economies and exploring potential reforms.
  • Transparency and Accountability: Promoting open and accountable debt management practices.
  • International Cooperation: Exploring avenues for strengthening national capacities for effective debt management through international partnerships.

The conference will feature a Presidential Dialogue, High-Level Panel Discussions, and a series of technical panel sessions. These sessions will delve into the opportunities, challenges, and potential solutions related to public debt in Africa.

Distinguished speakers and panelists include H.E. Faure Essozimna Gnassingbé, President of Togo; Mr. Claver Gatete, Executive Secretary, UNECA; H.E. Mahmoud Ali Youssouf, Chairperson of the African Union Commission; Hon. Georges Barcola, Minister of Finance, Togo; and Prof. Kevin Chika Urama, Chief Economist and Vice President for Economic Governance and Knowledge Management, African Development Bank Group.

The Lomé conference represents a crucial step towards a more sustainable and equitable debt future for Africa. By fostering collaboration and developing a common position, the AU, AfDB, and the Government of Togo aim to empower African nations to manage their debt more effectively and secure their long-term economic stability.

Share This Article
Email Copy Link Print
Previous Article Liberia’s Political Landscape Shifts: Four Women Rise to the Forefront After Sirleaf’s Legacy
Next Article Rural Poverty in Nigeria Reaches Alarming 75%, World Bank Report Reveals
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

Zimbabwe’s ‘Stolen Elections’ Now Draining South Africa, Says Maimane, Accusing ANC of Abetting Tyranny

By Mohammed Ghani JOHANNESBURG, South Africa â€“ South African opposition leader Mmusi Maimane has launched a…

By News Desk

China’s Xi promises one million jobs for Africa

By News Desk

Ontario’s public broadcaster under fire for funding, then pulling Russian war doc

By News Desk

You Might Also Like

Nigeria's most revered presidential aspirant Peter Obi
ElectionsEventsGlobal News

Growing Chorus in Nigeria Yearns for Change, Driven by Peter Obi’s Leadership Vision

By News Desk
President Paul Kagame
EventsGlobal News

“Go to Hell”: Kagame Defiant Amidst Western Sanctions Over DRC Rebel Support

By News Desk
Afican NewsEvents

Liberia: GAC Audit Reveals US$6.7 Million Misappropriation by LRA Amidst Poverty

By News Desk
EventsGlobal News

UK Transfers Sovereignty of Chagos Islands to Mauritius Amidst Legal Challenges and Controversy

By News Desk
Africa News
Facebook Twitter Youtube Medium

About US


Africa News Today is your trusted source for the latest news, stories, and insights from the African continent. We are committed to providing accurate, unbiased, and comprehensive coverage of the diverse events shaping Africa’s future.

Top Categories
  • Africa News
  • Global News
  • Elections
  • Events
  • Opinion
Usefull Links
  • Contact Us
  • Advertise with US
  • Complaint
  • Privacy Policy
  • Cookie Policy
  • Submit a Tip

© Africa News Today. All Rights Reserved | Powered By Website Wale

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?