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Sovereign Debt News Update No. 144: The Road to Recovery - Zambia's Progress and the Path Forward with the IMF

In conclusion, Zambia's journey toward economic recovery, guided in part by its IMF-supported programme, has been marked by both notable achievements and persistent challenges. The "broadly satisfactory" performance and positive forecasts from institutions like Moody's underscore the country's commitment to fiscal and structural reforms, with important milestones already achieved in debt restructuring and economic stabilization. However, the path forward requires unwavering dedication, particularly in addressing persistent issues such as overdue tax revenues and delayed structural reforms. By maintaining fiscal discipline, especially in the lead-up to the 2026 elections, and continuing to implement the ambitious reforms outlined by the IMF, Zambia can strengthen its economic resilience and transform its cautious optimism into tangible, long-term prosperity. The successful finalization of all debt-restructuring agreements in a transparent manner will be the final and critical step in cementing a stable foundation for sustained inclusive growth.

Sovereign Debt News Update No. 143: The Ins and Outs of Cote d'Ivoire's Debut ESG Samurai Bond

In conclusion, Côte d'Ivoire's recent Samurai bond issuance exemplifies a crucial and growing trend among African governments: the strategic diversification of financing sources to mitigate risks associated with dollar volatility. While this move away from single currency dependence is prudent, it simultaneously underscores an increasing reliance on capital markets for funding. Despite Côte d'Ivoire's commendable fiscal performance, including its successful CFA franc-denominated issuance and a modest Samurai bond coupon, continuous and rigorous monitoring of its sovereign debt fundamentals remains paramount to ensure sustained fiscal health and responsible financing. Further, this trend must be carefully monitored for its potential to continue piling on unsustainable debt for those countries that have embarked on diversifying their creditor base.

Sovereign Debt News Update No. 142: Assessing the Security in Securitization - Insights and Questions from Kenya’s Collateralization of Future Revenue

In response to these concerns, Ndegwa is demanding comprehensive accountability and transparency from the government. He is requesting detailed information on all secured levies, the specifics of the loans, the identity of the lenders, and how the funds have been utilized. By raising these issues, Ndegwa is not only questioning the legality of the government’s financial maneuvers but also highlighting a broader debate over whether Kenya's current economic state justifies financially risky strategies that could burden future generations. The scenario underscores the critical need for transparent and responsible financial management in the face of the country’s debt management challenges. Hence, by using private entities and failing to fully disclose the terms of these deals, the government appears to have bypassed key constitutional principles of public finance, accountability, and public participation. This approach burdens future generations with long-term debt and undermines effective oversight, raising serious questions about the integrity of the country's debt management practices.

News: 09.19.2025

The News and Events category publishes the latest News and Events relating to International Economic Law relating to Africa and the Global South. Every week, Afronomicslaw.org receive the News and Events in their e-mail accounts. The News and Events published every week include conferences, major developments in the field of International Economic Law in Africa at the national, sub-regional and regional levels as well as relevant case law. News and Events with a Global South focus are also often included.

News: 08.29.2025

The News and Events category publishes the latest News and Events relating to International Economic Law relating to Africa and the Global South. Every week, Afronomicslaw.org receive the News and Events in their e-mail accounts. The News and Events published every week include conferences, major developments in the field of International Economic Law in Africa at the national, sub-regional and regional levels as well as relevant case law. News and Events with a Global South focus are also often included.

Call for papers: 2025 Nigeria Group on Private International Law Conflict of Laws’ Essay Prize

The first prize is 200,000 Naira (NGN), and the winner of the competition will be encouraged to publish the paper in any high-quality peer reviewed journal on private international law (conflict of laws). The second prize is 120,000 Naira (NGN), and third prize is 80,000 Naira (NGN). The prize is sponsored by and will be awarded by NGPIL.

News: 08.22.2025

The News and Events category publishes the latest News and Events relating to International Economic Law relating to Africa and the Global South. Every week, Afronomicslaw.org receive the News and Events in their e-mail accounts. The News and Events published every week include conferences, major developments in the field of International Economic Law in Africa at the national, sub-regional and regional levels as well as relevant case law. News and Events with a Global South focus are also often included.

News: 09.08.2025

The News and Events category publishes the latest News and Events relating to International Economic Law relating to Africa and the Global South. Every week, Afronomicslaw.org receive the News and Events in their e-mail accounts. The News and Events published every week include conferences, major developments in the field of International Economic Law in Africa at the national, sub-regional and regional levels as well as relevant case law. News and Events with a Global South focus are also often included.

Announcement: Introducing the Executive Committee of the Africa International Economic Law Network (AfIELN) 2025-2027

We are excited to unveil the new African International Economic Law Network (AfIELN) Executive Committee, 2025-2027. The New Team, led by Dr. Regis Simo, has already hit the ground running. Plans are already in place for the Eighth Biennial Conference, for which the date and venue will be announced soon.

Rethinking How International Law is Taught in Universities

Efforts to decolonize international law to make it more universal and inclusive have been underway for some time, with varying degrees of success. One prominent approach in this pursuit is Third World Approaches to International Law (TWAIL), which seeks to challenge and rethink international law from perspectives that center the experiences and histories of the Global South. However, TWAIL does not prescribe a specific methodology, allowing scholars flexibility in their approaches but sometimes making it challenging to delineate clear tenets that define TWAIL as a coherent scholarly tradition. In the context of developing cohesive methodologies for this discipline, "Third World" scholars have made great efforts to refine and implement a more inclusive framework. This Insight presents some progress achieved while highlighting the challenges encountered in different areas of international law across regions like Asia, Latin America, and Africa, where scholars have embraced TWAIL to reframe and advance the teaching of international law.