Securing Sustainable Solutions to the African Debt Crises

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Thematic Focus Area 3: International Public Finance

Strategic Objective 2 Emerging lenders: To enhance the capacity of governments to understand and engage on implications of public finance from emerging sources, and monitor its development on poverty reduction

A diverse group of provider’s have gained prominence in the aid landscape that has been dominated by DAC donor agencies, which are non DAC sovereign providers (BRICS and other emerging economies), private households abroad, private philanthropy, private export credit institutions and multilateral agencies. However the proliferation of multiple providers of international public finance brings in its merits and demerits. How governments will react to this reality requires concrete efforts to effectively manage these resources and ensure that there are sustainable frameworks in place. However the cooperation between Africa and the BRICS for instance, has been characterised by weak information systems and limited evaluation practices.

As a new kid on the Bloc, this partnership often expressed as South-South cooperation needs to be monitored and evaluated so as to assess its overall impact on improving the welfare of women, youth and children and ameliorating poverty in the developing countries in Africa.  The UN 4th World Conference on Women has cited the feminisation of poverty, unemployment, the increasing fragility of the environment continued violence against women and the widespread exclusion of half of humanity from institutions of power and governance as key threats to sustainable development, peace and security.

AFRODAD’s contribution should result in flagging out challenges as well as the key strengths of this partnership to African governments in particular on the nature, principles, practices, approach and effectiveness of these diverse funders in development cooperation.