July 04, 2023
Africa: Reforming the Global Debt Architecture
The sovereign-debt crisis is hitting Africa particularly hard and could lead to a lost decade of development. While the G20 has tried to ease the burden, its Common Framework has… Read more »
May 29, 2023
Africa: Collective action can "move mountains" for Africa
Sharm El-Sheikh, 26 May 2023 (ECA) - Deputy Executive Secretary and Chief Economist of the Economic Commission for Africa (ECA), Hanan Morsy, has called for continued collective… Read more »
April 03, 2023
Africa: African Ministers call for a reformed global debt architecture
Addis Ababa, 20 March 2023 (ECA) - African Ministers of Finance, Planning and Economic Development have called for decisive action to reform the global debt architecture to enable… Read more »
November 02, 2022
Africa: Managing Africa's debt burden to spur development
Addis Ababa, 31 October 2022 (ECA) – Africa needs to mobilize innovative financing for development programmes and effectively manage its debt burden, which left untackled,… Read more »
December 10, 2020
Africa: African Countries Must Be Transparent and Accountable in Managing Sovereign Debt
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… Read more »
August 11, 2020
Africa: Vera Songwe Urges China to Participate in the G20 Debt Service Suspension Initiative in Support of Africa's Liquidity Needs
Economic Commission for Africa's Executive Secretary, Vera Songwe, has called on China to honour the pledge made by President Xi Jinping on his country's participation in the G20… Read more »
May 18, 2020
Africa: Africa's Finance Ministers and Private Sector Group Seek to Rapidly Resolve Commercial Debt Service Obligations Together
The United Nations Economic Commission for Africa (ECA) on Monday convened a meeting between African Finance Ministers, the Africa Private Sector Working Group and the African… Read more »
August 01, 2019
Africa: Debt Sustainability Essential for Meeting the SDGs in Africa
The ECA Executive Secretary, Vera Songwe, told African Central Bank Governors that concerns around Africa's rising sovereign debt should not focus so much about its level, but… Read more »
August 04, 2016
East Africa: Debt in Eastern Africa Is Rising Rapidly, but Remains Manageable
In Eastern Africa, debt stocks have risen rapidly over the past five years, but debt ratios appear to remain manageable, according to the UNCTAD Economic Development in Africa 2016… Read more »
February 26, 2016
Africa: They Don't Believe in the Future!
The domino effect of five central banks - Denmark, Switzerland, the European Central bank, the bank of Japan and more recently Sweden, slashing interest rates to sub – zero… Read more »
February 07, 2015
Africa: Lopes Welcomes Debt Relief - Stresses Cancellation for Ebola Hit Countries
The Executive Secretary of the Economic Commission for Africa, Mr. Carlos Lopes has welcomed the decision by the International Monetary Fund - IMF that will see the three countries… Read more »
January 06, 2015
West Africa: ECA Chief Stresses Debt Cancellation to Alleviate Suffering in Ebola-Affected Countries
In a statement delivered at the opening of the 26 th Ordinary Session of the African Union Executive Council, the Executive Secretary of the Economic Commission for Africa, Mr.… Read more »
December 05, 2014
Africa: Carlos Lopes Calls for Debt Cancellation for Ebola-Affected Countries
Speaking at the launch of the new ECA Report on the Socio-Economic Impacts of the Ebola Virus Disease on Africa, Mr. Lopes said, "We have life with Ebola; and in the aftermath of… Read more »
October 29, 2013
Africa: Harmonized Laws, Multilateralism, Confidence Building and Debt Containment Identified As Cornerstones for Integration
A group of researchers at the eighth African Economic Conference currently taking place in South Africa's main economic city, Johannesburg, today stressed the need for African… Read more »
November 21, 2003
Africa: Meeting Concludes that Africa's External Debt Problem Be Put in Wider Context of Financing Development
An Expert Group meeting jointly organised by the Economic Commission for Africa (ECA) and the Republic of Senegal on 17-18 November 2003 in Dakar gathered about 70 experts from… Read more »
November 14, 2003
Africa: Expert Group Meeting on Africa's Debt to Take Place in Dakar
The Economic Commission for Africa (ECA) is co-hosting with the Republic of Senegal an Expert Group Meeting on "Solving Africa's External Debt Problem to Finance Development" from… Read more »
June 01, 2003
Africa: ECA Head Amoako Says Africa Must Think Beyond HIPC
Opening Statement by K. Y. Amoako, Executive Secretary, Economic Commission for Africa at The Conference of African Ministers of Finance, Planning and Economic Development. Read more »