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AFRODAD and SADC PF call for the Issuance of Special Drawing Rights (SDRs) as one of the best viable and sustainable financing options to fight against COVID-19 and boost African economic recovery.


15th March 2021
JOINT WEBINAR BY THE AFRICAN FORUM AND NETWORK ON DEBT AND DEVELOPMENT (AFRODAD) AND THE SOUTHERN AFRICA DEVELOPMENT COMMUNITY PARLIAMENTARY FORUM (SADC PF) ON IMF SPECIAL DRAWING RIGHTS AS ONE OF THE FINANCING OPTION TO FIGHT AGAINST THE COVID-19 PANDEMIC AND ECONOMIC RECOVERY IN AFRICA, HELD ON 15th MARCH 2021
The African Forum and Network on Debt and Development (AFRODAD) on March 15th, 2021 held the first in a series of webinars on “IMF Special Drawing Rights: An Option for Financing the Fight Against COVID-19 Pandemic and Economic Recovery in Africa”, in collaboration with the Southern Africa Development Community Parliamentary Forum (SADC PF). ....

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Statement on the UNECA, IMF, And African Finance Ministers Meeting Outcomes


Statement on the UNECA, IMF, And African Finance Ministers Meeting Outcomes
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th February to discuss the debt crisis affecting the continent amidst the global covid-19 pandemic. The meeting sought to explore easing the fiscal constraints crisis by transforming existing liquidity instruments and easing market access to alleviate the debt burden by providing much needed liquidity for the continent’s economies.
The meeting came in the wake of several African countries lining up to restructure their debts under the G20 Common Framework. Countries like Chad, Ethiopia, Angola, Kenya, and others who are set to begin the restructure of their debt is a clear demonstration of the depth of this current debt crisis. AFRODAD welcomes the call by ECA’s Executive Secretary, Vera Songwe for additional liquidity through issuance of “$500 billion in Special Drawing Rights (SDR), better market access, more concessional resources ....

Vera Songwe , Jason Braganza , Tirivangani Mutazu , Ken Ofori Atta , Kristalina Georgieva , Debt Service Suspension Initiative , Special Drawing Rights , Economic Planning Honourable Ken Ofori Atta , Managing Director , ஜேசன் பிரகஞ்ச , கேன் ஒபொறி அட்டா , கடன் சேவை இடைநீக்கம் முயற்சி , சிறப்பு வரைதல் உரிமைகள் , பொருளாதார திட்டமிடல் க .ரவமான கேன் ஒபொறி அட்டா , நிர்வகித்தல் இயக்குனர் ,