Two continental civil society groups seal pact to promote sound financial management policies across Africa

An agreement to promote sound financial and debt management policies across Africa has been sealed by the African Forum and Network on Debt and Development (AFRODAD) and the Southern African Development Community Parliamentary Forum (SADC PF).

The Memorandum of Understanding (MoU) was signed on Wednesday in Zimbabwe.

The deal formalises the collaboration of both groups in influencing policy by providing technical support to African governments and parliaments to regain their political, economic and social agency at a time when African countries are dealing with a multiplicity of crises.

Jason Rosario Braganza, AFRODAD’s Executive Director, looked forward to merging the firms’ combined expertise which would empower parliaments and other key stakeholders to play a leading role in this critical endeavours.

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“This collaboration marks a significant step forward not only in enhancing our shared commitment to advancing responsible debt management and promoting robust financial systems but to deepen our partnership by bringing a technical and political economy perspective to the development of the Model Law on Climate Action,” Bragnza said.

Meanwhile, Boemo Sekgoma, Secretary General of the SADC Parliamentary Forum noted that effective financial governance of countries constituted the bedrock of sustainable development and provided the conducive environment for the enjoyment of socio-economic human rights by citizens.

“In this regard, the Forum welcomes its collaboration with AFRODAD under this forward-looking MoU to promote sound financial and debt management through parliamentary and other initiatives which will inter alia set the precepts for the development of a Model Law on Climate Action that is grounded in sustainable financial commitments by states to reduce carbon emissions,” Sekgoma said.

Through collaborative efforts, the SADC Parliamentary Forum and AFRODAD aim to empower governments, engage citizens, and ensure that sound financial governance becomes a cornerstone for African Governments.

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