{"id":3472,"date":"2020-06-25T00:00:00","date_gmt":"2020-06-25T00:00:00","guid":{"rendered":"https:\/\/staging.azafinance.com\/2020\/06\/25\/africas-debt-freeze-forgive-or-forget\/"},"modified":"2024-11-27T12:46:43","modified_gmt":"2024-11-27T12:46:43","slug":"africas-debt-freeze-forgive-or-forget","status":"publish","type":"post","link":"https:\/\/azafinance.com\/africas-debt-freeze-forgive-or-forget\/","title":{"rendered":"Africa&#8217;s Debt: Freeze, Forgive, or Forget?","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\r\n<p>Africa spends more on servicing debt than on healthcare. Few would argue such imbalances demand radical change. However, as of today, there is no consensus on how to resolve Africa&#8217;s debt portfolio even in the face of the coronavirus pandemic and the wide ramifications on the economies so Africa is yet at another crossroads.<\/p>\r\n\r\n\r\n\r\n<p>Tune into our webinar where we delve into some of the most critical aspects of Africa&#8217;s debt implementation with <a href=\"https:\/\/azafinance.com\">AZA\u2019s<\/a> Co-Founder and CEO, <a href=\"https:\/\/www.linkedin.com\/in\/elizabeth-rossiello-589b8b1\" target=\"_blank\" rel=\"noopener\">Elizabeth Rossiello<\/a>, Managing Director of Adventis, <a href=\"https:\/\/www.adventis.ltd\/joseph-rohm\/\" target=\"_blank\" rel=\"noopener\">Joseph Rohm<\/a>, <a href=\"https:\/\/rdfstrategies.com\/team\/von-kemedi\/\" target=\"_blank\" rel=\"noopener\">Von Kemedi<\/a>, Co-Founder and Managing Director of Alluvial with a captivating closing statement from former Central Bank of Nigeria Governor and the 14th Emir of Kano, <a href=\"https:\/\/en.wikipedia.org\/wiki\/Sanusi_Lamido_Sanusi\" target=\"_blank\" rel=\"noopener\">His Highness Muhammad Sanusi II<\/a>.<\/p>\r\n<p><iframe title=\"[Webinar] Africa&#039;s Debt: Freeze, Forgive, or Forget?\" width=\"800\" height=\"450\" src=\"https:\/\/www.youtube.com\/embed\/FqpHdoXT_-4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><strong>Notes:<\/strong><\/h2>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>\u00a0How do you balance the need for relief against a history of a moral hazard of debt payment for a number of African states? [07:04]<\/li>\r\n<li>Historically, have African governments been able to report that forgiveness is a green light for state capture corruption? [09:38]<\/li>\r\n<li>\u00a0How do we ensure responsibility on debt during cycles in particular for commodity-driven economies in Africa? [12:52]<\/li>\r\n<li>How does the speed of execution of externally funded infrastructure projects on the African continent benefit businesses? [14:34]<\/li>\r\n<li>How do you balance sovereign debt forgiveness and bondholders? [18:13]<\/li>\r\n<li>What are the implications of unconditional debt cancellations in Africa? [22:00]<\/li>\r\n<li>How can African debt be managed to ensure that the inequality gap does not expand, especially during this pandemic? [25:05]<\/li>\r\n<li>How significant are China\u2019s debt commitments on the continent and how is it managing these commitments in comparison to other G20 countries and Washinton institutions? [27:53]<\/li>\r\n<li>Which countries are handling their debt positions excellently? What should we be concerned about and why? [30:40]<\/li>\r\n<li>Is the African debt cycle a blessing or a curse? [34:22]<\/li>\r\n<li>How do you effectively and efficiently hedge financial risk in developing economies with regards to FX and denominated loans and impending results into debt hoarding? [35:28]<\/li>\r\n<li>What is the role of pan-African institutions in the entire debt implementation on the African continent? [40:17]<\/li>\r\n<li>What are the implications of Africa shifting to borrow from China where there is no accountability and democratic principles are not considered? [42:35]<\/li>\r\n<li>How can we ensure that projects funded by debts can benefit people at the local level? [44:45]<\/li>\r\n<li>Can Africa have a debt management office that can actually screen the continent and assist in managing the debt to ensure they are productive debts? [48:07]<\/li>\r\n<li>Are the debt levels in some African countries is reaching unsustainable levels? [50:30]<\/li>\r\n<li>Closing Remarks from His Highness Muhammad Sanusi II [52:47]<\/li>\r\n<\/ul>\r\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"<p>Africa spends more on servicing debt than on healthcare. Few would argue such imbalances demand radical change. However, as of today, there is no consensus on how to resolve Africa&#8217;s debt portfolio even in the face of the coronavirus pandemic and the wide ramifications on the economies so Africa is yet at another crossroads. Tune [&hellip;]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":1,"featured_media":3473,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18],"tags":[188,249,250,211,199],"class_list":["post-3472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-event-recaps","tag-africa","tag-africa-debt","tag-china-africa","tag-covid-19-nigeria","tag-nigeria"],"acf":[],"gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/posts\/3472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/comments?post=3472"}],"version-history":[{"count":0,"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/posts\/3472\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/media\/3473"}],"wp:attachment":[{"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/media?parent=3472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/categories?post=3472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/azafinance.com\/wp-json\/wp\/v2\/tags?post=3472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}