TICAD9 Thematic Event “Manage Debt and Accelerate Development! Toward Sustainable and Resilient Growth in Africa”

Key Questions

Session 1

• What is the structure of the crisis situation of debt vulnerability across Africa?
• What are the lessons learned from recent cases of government debt restructuring under the G20 Common Framework for Debt Resolution (CF)?

Session 2

What are the challenges in debt management and creating fiscal space in Africa, including strengthening DRM?

• What is needed to further increase debt transparency through the efforts of 1) debtor governments 2) creditor governments 3) private sector actors and with the support of international organizations?
• What are the future directions for capacity building by international partners?

Objective

The seminar aims to bring together key stakeholders, including debtor and creditor countries, private sectors and multilateral organizations, to engage, rethink and have a dialogue in addressing Africa’s economic challenges especially related to debt vulnerabilities, aiming to ensure sustainable growth of African countries in a better-coordinated manner. More specifically, this dialogue will focus on i) lessons learnt from sovereign debt restructuring process under the G20 Common Framework for debt treatment and way forward, and ii) ongoing international efforts to address debt vulnerabilities and create fiscal space including through strengthening domestic revenue mobilization (DRM) as well as enhancing debt transparency. These discussions will help all the participants from various backgrounds have common understanding on priorities where further improvements are necessary on debt restructuring process, debt management and debt transparency, which will build momentum for further progress.

Speaker from World Bank:

Manuela Francisco
Global Director for Economic Policy, World Bank (online participation)