Every year, the OECD Development Centre, the African Development Bank, the United Nations Development Programme, and the United Nations Economic Commission for Africa publish a report that focuses on the economics of most African countries. The report reviews the recent economic situation and predicts the short-term interrelated economic, social, and political evolution of all African economies.
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.”