The 7th EU-Africa Business Forum (EABF22) took place online from 14th to 18th February 2022 and in a hybrid format on the 16th and 17th of February 2022, at The Square, in Brussels (Belgium). The Forum was jointly promoted and sponsored by the European Commission and the African Union Commission and organized in partnership with the Pan-African business organizations Africa Business Council, Pan African Chamber of Commerce and Industry, AfroChampions, Business Africa, and the PanEuropean business organizations Business Europe, European Business Council for Africa and the Mediterranean, Eurochambres and European Entrepreneurs CEA-PME.
Unlocking Finance To Build Forward Better From The Covid-19 Crisis & Accelerate Delivery Of Sustainable Development.
The African government's economic crisis over the Covid-19 Pandemic equals (1 to 7)% of their GDP, contributed by African Governments deploying fewer funds and measures for high-quality recovery. At The Youth Café, we believe that there is a need for financial education. This will increase unlocking finance to build forward better from COVID-19 and accelerate delivery on Sustainable Development as intended: To identify effective measures to address the overarching challenge of mobilizing adequate and sustainable finance to invest in sustainable recovery from the COVID-19 crisis and accelerate the implementation of the 2030 Agenda and Agenda 2063. To identify and articulate the financing needs and provide high-level insights on opportunities to mobilize finance, focusing on the role of the Liquidity and Sustainability Facility designed and launched by ECA and partners.
Rethinking Debt: Financing The Future Amid Crisis.
What is our perspective as The Youth Cafe? It is important for us to work on innovative solutions to the current debt challenge so that these solutions respond to diverse needs of borrowers and lenders. K.Y Amoako rightly puts it, “Do not just focus on debt. If Africa is to achieve, rekindle loss to covid in terms of meeting our SDGs goals in the decade ahead, we must transform our economies at a faster pace than we have been so far. It's about transformation. And to transform, african countries like countries everywhere, must borrow. But to ensure that this borrowing is manageable, it must be affordable to ensure we can repay our debts.”