Report: African Conference on Debt and Development (AfCoDD) Nigeria In-Country Session

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Background:

The inaugural African Conference on Debt and Development (AfCoDD) was jointly organized by African Forum on Debt and Development (AFRODAD) and its partners across several countries in the region and in Nigeria by the Africa Network for Environment and Economic Justice (ANEEJ). The AfCoDD 2021 brings together political, technical and civic leaders from Africa to deliberate and agree on commitments that safeguard the macroeconomic sustainability of the continent towards achieving a new movement and outlook on issues of domestic resource mobilization and international development finance mechanisms in the African continent towards the structural transformation in Agenda 2063. Economic Outlook states that ‘’ Women and Female-headed households could represent a large proportion of the newly poor due to COVID-19’’. The challenges posed by the global pandemic have again exposed weaknesses of the international financial system and increasing already existing vulnerabilities of developing countries unsustainable borrowing. The multi-dimensional aspect of this debt crisis calls for multidisciplinary approach to discussions, advocacy and mobilization that propose solutions and interventions that allow our continent to build forward together in a post covid -19 world.

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