Africa advocates for representation at G20 common framework

Some participants at the third African Conference on Debt and Development (AfCoDD III) have reiterated calls for Africa to have representation in the G20 common framework to ensure countries on the continent are not left exposed.

These participants are of the view that having a voice and being present when the debt deals are being discussed will save African countries from finding themselves in deals that have stiff conditions, leaving them vulnerable.

These sentiments came up during a panel discussion on “Driving Economic Transformation: African Borrower Coordination in Action,” On Wednesday in Dakar, Senegal.

The objective of the session was to find out how the Borrower’s Club will help increase Africa’s development issues.

During a panel discussion, Martha Kwataine, Malawi’s Presidential Advisor on Development for Non-Government Organisations, said it was unfair for countries to be absent while they were being discussed for possible debt restructuring.

Kwataine was of the view that not being part of the discussions left African countries vulnerable.

“It is not fair that countries are not there when debt talks are taking place as this leaves these countries vulnerable. It is not fair” she said.

These ideas were supported by Lee Evert from the United Nations Economic for Africa who advocated for the inclusion for the continent to have representation during the dent talks.

Evert pointed out that her organisation was currently advocating to proper operation of G20 common framework to ensure that it was not disadvantage any country.

She said the International Monetary Fund and the World Bank were among the stakeholders the organisation had engaged for this advocacy.

Meanwhile, African Forum and Network on Debt and Development (AFRODAD) Executive Director Jason Braganza, pointed out that having a seat at the G20 common framework meant that the continent had to give up on some clubs such as the Borrower’s Club.

On his part, Patrick Ndzana Oloma, African Union Commission Policy Advisor warned that countries on the continent risked negotiating debt deals with strange conditions if they continued not to have representation at the G20 common framework.

Olama stated that these stiff conditions would lead to affected African countries not having capacity to pay back their debt.

“Countries should resolve all their issues before getting on the table and address the root cause of the problems. Nobody will listen you if you do not address your issues. You need to ensure that able to feed your people and achieve total economic transformation of the continent

“If fail to transform, there is nothing that we will be able to do. They will borrow it to you at very, very strange conditions so that you are unable to pay back. Speak to partners with a strong voice and be able to accept money for our cause to avoid being treated badly,” he said.

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