Sovereign Debt

African Sovereign Debt Justice Network’s Statement on the Occasion of the 2022 Spring Meetings of the IMF and the World Bank

On the occasion of their 2022 Spring Meetings, the African Sovereign Debt Justice Network (AfSDJN); the Pan-African Lawyers Union, (PALU); the African Forum for Debt and Development (Afrodad); NAWI Afrifem Macroeconomics; the Jesuit Justice Ecology Network Africa, (JENA); the Okoa Uchumi Campaign; and BudgiT call upon the International Monetary Fund (IMF) and the World Bank to address their unjust governance structures that have roots in the historical subjugation of African countries. African countries did not take part in designing the current international financial architecture.

Forty Third Sovereign Debt News Update: Nigeria’s Debt and Debt Management Office 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.

Forty Second Sovereign Debt Justice News Update: East and West African Countries 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.

Global Engagement Series Webinar: Post-Pandemic Recovery in the Era of Sovereign Debt Distress and Climate Change

The American Society of International Law (ASIL) initiated a Global Engagement Series in collaboration with our regional Colleague Societies. The series comprise four virtual events held as “previews” in the weeks preceding ASIL’s Annual Meeting. AfSDJN is the lead coordinator of this years Global Engagement Series for the African Region.The preview sessions will be available worldwide, free of charge.

Call for Applications by the African Sovereign Debt Justice Network: Researchers

February 25, 2022

The African Sovereign Debt Justice Network

The African Sovereign Debt Justice Network (AfSDJN) is a coalition of citizens, scholars, civil society actors and church groups committed to exposing the adverse impact of unsustainable levels of African sovereign debt on the lives of ordinary citizens.

Forty First Sovereign Debt News Update: The Making and Marring Effect of Multilateral Loans

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.

Fortieth Sovereign Debt News Update: Projections and Perceptions of International Institutions on African Economies

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.

Statement in Support of Ghana’s Ministry of Finance Response to Moody’s Downgrades: Credit Rating Agencies Should Suspend Downgrades Until the Pandemic is Over

The African Sovereign Debt Justice Network (AfSDJN), is a coalition of citizens, scholars, civil society actors and church groups committed to exposing the adverse impact of unsustainable levels of African sovereign debt on the lives of ordinary citizens, fully supports the February 6th Statement by the Ghanaian Ministry of Finance protesting Moody’s downgrades to CAA1 of Ghana’s Long-Term Issuer and Senior Unsecured Bond Ratings.

Mali Defaults on Bond Payments amid Regional Sanctions

Marking the first African sovereign debt default in the year 2022, UMOA-Titres, the West African market for government securities announced that Mali reneged on its obligation to service treasury bonds that matured on January 2022 in the value of the 15.6 billion CFA francs ($26.6 million). This is only one of a number of treasury bonds default projected to be in the total sum of over $31 million.