01/10/2026
AFRODAD at : “Session on FFD Post-Seville Strategies in Turbulent Geopolitics”, our Executive Director highlighted the current debt situation facing Africa, emphasising that debt has a human face. It impacts people’s lives and it’s more than just numbers, it is fundamentally a governance issue.
She highlighted the case for this through unfair credit ratings, noting the bias that Africa faces in global financial markets, as well as the unfair interest rate premiums imposed on African countries.
She emphasised why the UN Framework Convention on Debt is needed now more than ever to address these systemic challenges.
She also highlighted the need to:
🔹 Strengthen collaboration with the African Union.
🔹 Reform the Bretton Woods Institutions to create a fairer global financial architecture. World Bank Group
🔹 Monitor and track the implementation of the Common African Position on Debt (CAP) and ensure that its commitments translate into action.
As she put it: “We cannot use the master’s same tools to dismantle the system against us!”