By Lucid Chirozva and Norman PindukaAdvertisements The African Union (AU) Conference on Debt in Lomé, Togo, this year, noted that the creditor-driven G20 Common Framework used for Ghana and Zambia’s debt restructuring processes was too slow and complex for low and middle-income countries.Adopted on May 15, the AU Lomé Declaration on Debt made the commitment…
International law, Africa’s debt crisis
In 2023, Africa's external debt was about 65 percent of its GDP, having more than fivefold grown between 2010 and 2020.