The Debt Management Forum for Africa (DeMFA) convened in Abuja, Nigeria, bringing together policymakers, business leaders, and international partners to discuss strategies for managing public debt effectively. The forum emphasized the need for a paradigm shift, transforming debt from a burden into a catalyst for sustainable and inclusive development.
The Debt Management Forum for Africa (DeMFA), convened on December 16-17, 2024, an extraordinary gathering of Africa 's leading policymakers, business magnates, and international development partners took place in Abuja, Nigeria to address taming the complexities of public debt. In the heart of Abuja's evolving financial district, an extraordinary gathering of Africa 's leading policymakers, business magnates, and international development partners took place in mid-December.
The Debt Management Forum for Africa (DeMFA), convened on December 16-17, 2024, may well be remembered as a watershed in the continent's ongoing struggle to tame the complexities of public debt. Under the auspices of the African Development Bank (AfDB), a key player in African economic development, and supported by a coalition of global and regional stakeholders, the event embodied a clear and urgent message: it is time for African countries, with the active engagement of their citizens, to reinvent their approach to public debt. The overarching aim? To transform debt from a chronic burden into a lever for robust, inclusive, and sustainable growth. For chief executives of global financial institutions, investors from the World Bank and private capital markets, African heads of state and parliaments, senior Treasury officials, labor leaders, and youth representatives from across the continent, the DeMFA offered a fresh blueprint. It presented an environment to dissect hard truths and strategise solutions—grounded in rigorous economic analysis and pragmatic policymaking. The forum's essence lay in its push toward greater transparency, deeper oversight, and more meaningful citizen participation in the decisions that shape Africa's debt trajectories. Today's Africa aspires to be an ecosystem where debt is neither feared nor romanticised, but rather managed carefully, priced fairly, invested wisely, and leveraged strategicall
Africa Debt Management Economic Development Sustainable Growth Public Finance
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