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Browsing: United Nations Economic Commission for Africa (ECA)
- Africa’s future remains uncertain as economies weather chronic funding shortfalls, persistent trade disruptions, and a sharp rise in debt burdens.
- Faced with these challenges, however, investing in smart infrastructure, and supply chains that power intra-African trade could be among the most transformative plans of the decade.
- Enhancing tax revenue through digitalisation, widening the tax base, and administrative efficiency could also help economies to thrive.
At a time when the global economic order is being reshaped by cascading crises—from pandemics and climate change to geopolitical conflicts and mounting debt—Africa’s future remains uncertain.
During African Consultative Group meeting with IMF Managing Director Kristalina Georgieva, held on the sidelines of the IMF-World Bank Spring Meetings in Washington D.C., Claver Gatete, Executive Secretary of the United Nations Economic Commission for Africa (ECA), delivered a compelling vision for the continent: Africa must lean into resilience, inclusion, and transformation to secure its future.
While addressing global …
The United Nations Economic Commission for Africa (ECA) convened a meeting to seek solutions that will ensure African economies enjoy continued market access and meet their private sector debt service obligations.
The United Nations Economic Commission for Africa (ECA) meeting was between the Africa Private Sector Working Group, African Finance Ministers and the African Union (AU) Special Envoy on COVID-19 which aimed at finding new financing solutions to provide additional resources for countries to reduce the effects of the COVID-19 pandemic. It also aimed at finding ways to improve the profile and terms of Africa’s commercial debt obligations so that Africa can better confront the health crisis.
The Africa Private Sector Working Group is a recently formed group which represents leading private creditors to African countries.
Also Read: African Presidents exert pressure on loan waivers, debt relief
ECA’s Executive Secretary, Ms. Vera Songwe stressed that “African countries are committed to …