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A continent rich in natural resources yet burdened by poverty, hunger and crippling debt

Aligning trade with global goals will ultimately contribute to building climate resilience and sustainability

— Carlos Lopes is contributing to proposals for the 4th International Conference on Financing for Development

— says Claver Gatete, Executive Secretary, UN Economic Commission for Africa

The 2024 UN OSAA flagship report ‘Unpacking Africa's Debt: Towards a Lasting and Durable Solution’ addresses the urgent need to reform Africa’s debt structures and suggests how countries can get out of unsustainable debt.

Countries can leverage on creative financial tools such as debt swaps, green bonds, blues bonds, and others, to unlock resources needed to protect marine ecosystems, drive economic growth, and support climate adaptation

Calls intensify for countries to ease restrictions on movement of persons to boost AfCFTA implementation and regional integration.

The theme ‘Fostering solidarity, equality, and sustainable development’ aims at addressing critical global challenges, with a strong focus on Africa’s development

Multilateral development banks should listen to African stakeholders; lend in local currency, collaborate with regional and national bodies such as Public Development Banks; and focus on creating local wealth, not just jobs

Reviewing and updating of the IMF-World Bank Debt Sustainability Analysis is key to make it more SDG- and solvency-focused

Countries may be borrowing too much and too fast

Analysts caution against accumulating too much