1. AFRODAD and SADC PF held a webinar to discuss SDRs issuance as one of financing options to fight Covid 19 and boost economic recovery. Here is the press release of the event in English, French and Portuguese. The story was also published in the Southern Times, Lesotho Times, NewZiana, Southern Times (for the second time).
  2. BBC Africa interviewed Senior Policy Analyst on Debt Management on the current debt situation and why citizens, especially the youth, should be interest in public debt issues and demand transparency from their governments when it comes to borrowing and spending. Link to the interview (our story is from minute 9:00 so you can jump straight to it if you wouldn’t want to watch the full clip).
  3. On climate news and on debt & climate vulnerability, Mr. Braganza emphasised that this must be the moment to address the power imbalance between rich and poor nations. Also, the voice of African governments has to be included “as an equal player and a decision-maker rather than a decision-taker. The full article can be found here
  4. The IMF news reached out to AFRODAD’s ED, Jason Braganza for a podcast interview that was published on 22 March 2021. One of the messages was that member states of the African Union should have a collective voice when negotiating at the UN, at the IMF, at the World Bank, and other IFIs. They should also have a collective position that speaks to the continent and speaks for the continent, and benefits the continent. Here is the link to the full podcast.
  5. AFRODAD in partnership with Seatini Uganda and Uganda Debt Network hosted a media briefing on SDR. The event was live streamed by Smart24 TV and this is the link. We also wrote about the event on our website.
  6. On the same day the media briefing was held in Uganda, 25 March 2021, the observer released an article on the debt situation in Uganda and recommended options for economic recovery including the issuance of SDRs by the IMF. Here is the story.
  7. Still on the 25 March 2021, Shift Media News release an article that highlighted that since Covid 19 pandemic broke, the 10th Ugandan Parliament had passed over 10 loans there were about other 5 loans under considerations. This could either mean that MPs are under pressure to approve loans or they do not understand their oversight role. Read more here.
  8. Nile post, also on the day of the media briefing in Uganda, published an article discussing financing options for Uganda that include strengthening DRM, SDRs and proper utilization of loans. Here is the article.
  9. Instead of diminishing on domestic borrowing, the Uganda’s  Finance Ministry is working out an outreach program to create more awareness among Ugandans so that many of them embrace  the idea of lending to government through government securities. Continue reading.
  10. Samson Muwanguzi, Acting Commissioner, Debt Policy Issuance- Uganda Ministry of Finance, Planning, and Economic Development stated that Uganda cannot apply for debt cancellation because this step would make the country's credit rate fall dramatically and donors would lose trust in the country. Read more.
  11. The Independent, corresponding from Uganda, highlighted that CSOs had cautioned that if SDRs got issued, Uganda government would need to use funds responsibly. The media house was represented during the media briefing and it released the article on 31 March 2021. Proceed to the full article
  12. You can also watch the documentary on Debt surges as COVID-19 pandemic ruins economy by Frederic Musisi (NTV) who was present at the briefing in Uganda.
  13. Speaking to CTGN Africa, Mr. Jason advised Government of Kenya and others in Africa on how to handle the vaccination roll-up programme and invest in proper planning going forward. The full news-piece is here
  14. Governments should not fall in the PPP trap: Kenya 41 PPP projects in the pipeline, from roads to college hostels and energy plants. They are worth around Sh800 billion. Another 64 PPP projects are either in the pre-procurement or procurement stage. Read-on.
  15. You can also watch the documentary on Debt surges as COVID-19 pandemic ruins economy by Frederic Musisi (NTV) who was present at the briefing in Uganda.
  16. AFRODAD and 220+ organisations are calling for a new issuance of US$3 trillion. The US$650 billion currently under discussion is too little. A US$3 trillion allocation is required for countries to finance COVID-19 fight and economic recovery. US$3 trillion is significant enough to restore market confidence and support global recovery. Read on here
  17. In the event of new SDR issuance, parliaments would have to up their game in terms of guaranteeing transparency and accountability in how governments used the funds. More to the story is here
  18. Research analysts have predicted that Zimbabwe will struggle to settle its debt this year with arrears weighing heavily on the country which has been in debt distress for years. According to the 2021 National Budget, external debt stood at US$8.02 billion as at September 2020, with domestic debt pegged at ZW$1.547 billion Continue reading 
  19. Check out How a string of bad investment decisions dug Kenya neck-deep in debt.
  20. Now that there is a green light that the SDRs will be allocated, policy makers need to critically analyse and prioritise how to use them. Proceed to the full article.

 

 

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