African Development Bank

Sixth Sovereign Debt News Update: Capital Projects and their Implications for Debt

The African Sovereign Debt Justice Network brings to you an update of African sovereign debt news and updates on events and happenings on and about Africa that reveal how sovereign debt issues are engaged by the various stakeholders.

Fifth Sovereign Debt News Update: Kenya, Zimbabwe, Ghana's Debt Crisis in Context

The African Sovereign Debt Justice Network brings to you an update of African sovereign debt news and updates on events and happenings on and about Africa that reveal how sovereign debt issues are engaged by the various stakeholders.

News: 3.18.2021

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.

Introduction to the Book Review Symposium on ANRC's "Rethinking Land Reform in Africa: New Ideas, Opportunities and Challenges"

In 2020, the African Natural Resources Centre (ANRC) of the African Development Bank (AfDB) launched its book entitled: “Rethinking Land Reform in Africa: New Ideas, Opportunities and Challenges”. The goal is expressed “to achieve a thought-leading policy platform and publication of inquiry, analysis and research for breakthrough progress in land reform policy”. ANRC was not sparing in its choice of contributors both numerically and in quality, with fourteen contributors comprising of Professors, Researchers, Policy Advisors, Historians, and Economists from different walks of life ranging from law to land management, political science, economics and taxation. The respective contributors are from diverse institutions within and outside Africa. The plausible implications of this are that not only does the book afford a broad analysis on the issue of land reform at different professional spheres, but it also offers both endogenous and exogenous perspectives.

Review IV: Energy Poverty and Access Challenges in Sub-Saharan Africa: The Role of Regionalism

This work assumes a benchmark position naturally when it comes to insightful discussion on energy access challenges in SSA. The readers will not only enjoy the reading but also aggregate value to their vision on the pivotal role of the regionalism as a tool through which SSA countries may gradually invert the status quo of energy access challenges.

Doves, Vultures and African Debt in the Time of COVID-19

To mitigate the risk of speculation, I have proposed  that the international community should create a Debts of Vulnerable Economies Fund (a “DOVE” fund) to help African countries deal with their private sector debt. The fund could be created by an African institution such as the African Development Bank or the African Union. The fund should be financed by governments, foundations, financial institutions, companies and individuals. In order to demonstrate its independence from both debtor countries and creditor institutions it should be managed by an independent board representing all stakeholders.

Global South International Financial Institutions and COVID-19 Response: Utilising Innovative Financing Solutions now and after the Pandemic

Financial institutions should focus on the positive opportunities and learning experiences from this pandemic and plan how they will help their member states adjust to the effects of COVID-19 and attain sustainable development thereafter. This step will be in line with the World Bank’s advice on planning for the economic recovery from COVID-19, in the bid for nations to restart their economic engines and build back stronger and better in the short term and longer term.

International Economic Law in the Shadow of COVID-19: Perspectives from Least Developed Countries

LDCs are inadequately equipped to manage the socio-economic impacts of the Covid-19 pandemic; these countries have not even effectively curbed environmental pollution yet. The sustainable development goals strategies did not envisage such a pandemic and this is causing many governments to lose sight of how to manage their economic regressions. The national governments and international community therefore have to be more vigilant and proactive in ensuring that the battered global economy stabilizes after the pandemic.

COVID-19 in Africa: A time for Despair or an Opportunity to Change the Direction of Travel?

The tragedy of the COVID-19 crisis has laid bare the frailties of African economies. COVID-19 has taught us, in the harshest way possible, that we are only as strong as the most vulnerable among us. This has compelled African leaders to recognize that regional cooperation is at the crux of the solution to the COVID-19 crisis. Hopefully, this positive momentum towards regional cooperation will extend to tackling the broader welfare issues challenging African societies.