Debt Service Suspension Initiative

As the International Monetary Fund (IMF) and World Bank hold their spring meetings this week, the African Sovereign Debt Justice Network, (AfSDJN), calls on IMF and World Bank Members to add to their agenda for consideration of their Fall Meeting from October 15-17, 2021, long term solutions for Africa’s sovereign debt crisis.

The News and Events published every week include conferences, major developments in the field of International Economic Law in Africa at the national, sub-regional and regional levels as well as relevant case law.

The Covid19 pandemic has thus far had an unprecedented and devastating social, economic and health impact globally. It has recast the spotlight on debt sustainability, default and sovereign debt restructuring. For African countries, a pertinent question today is—what will be the impact of the pandemic on debt repayment and what are the new debt service initiatives that may be required (including debt relief, restructuring and other measures)?