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African financial economists, public policy analysts, international multilateral lending policymakers, and researchers are set to converge for the Africa Debt Crisis Conclave (ADCC), which will be held in London, United Kingdom (UK) on September 6 and 7. The event is taking place in the midst of the crushing impact of debts on the African economy, following the inability of some countries to service their liabilities.
African financial economists, public policy analysts, international multilateral lending policymakers, and researchers are set to converge for the Africa Debt Crisis Conclave (ADCC), which will be held in London, United Kingdom (UK) on September 6 and 7. The event is taking place in the midst of the crushing impact of debts on the African economy, following the inability of some countries to service their liabilities,
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https://trendsnafrica.com/kenyas-swelling-debt-burden/
The burden of debt and the pursuit of sustainable development emerged as critical concerns for the African continent, especially with the impact of the ongoing debt crisis on economic growth, social development, and environmental sustainability.
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https://trendsnafrica.com/kenyas-debt-burden-crosses-the-sh8-61-trillion-mark/
The event will have participation from African leaders drawn from governments, the private sector, academia, parliaments, civil society, and the media. It is designed to provoke new perspectives on the much-needed economic and social development of the African region. The organizers of the event are Nigeria’s National Institute of Credit Administration (NICA), the International Partnership for African Development (I-PAD) in Scotland, and the London Postgraduate Credit Management College (LPCMC), England. ADCC seeks to bring together leaders and drivers of government policies and programs with the private sector to rally around political economy leaders and policy advisors on the continent.
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The conclave will be a yearly event. It will be broadly similar but different in focus to the World Economic Forum. It will be a platform for business, investment networking, and brand-showcasing engagement. The platform will facilitate research on Africa’s debt history, possible exertion of influence on borrowing conditionalities, Africa’s economic diversification roadmap, ‘Africa feed yourself instruction’, ‘trim your spending to size Africa’, and raising of intentional war on corruption in Africa, among others.
Significantly, there is global attention to addressing the debt burden of Africa. While the African leaders claim that incremental increase in debt burden is due to the non-commitment of developed countries to make available promised funds of close to US$ 100 billion for debt servicing and part principal repayment, the Paris Club, an organization of developed countries addressing indebtedness of developing countries mostly in Africa maintains that indebted countries should follow a vigilant debt redressal system.
