The capital of Togo, Lomé, is set to host an African conference focused on public debt from May 12 to 14. This event is organized by the Department of Economic Development, Tourism, Trade, Industry, and Minerals (ETTIM) of the African Union (AU) Commission, and will revolve around the theme: “Africa’s Public Debt Management Program: Restoring and Preserving Debt Sustainability.”
The conference will gather representatives from AU member states, policymakers, financial specialists, and a diverse array of stakeholders, including finance ministries, African central banks, regional economic communities, multilateral financial institutions, and civil society organizations.
The goal of this initiative is to promote collaborative discussions and devise practical solutions to the continent’s debt issues. A key aim of the meeting is to create an updated African Common Position regarding reforms to the global financial system, with the intention of alleviating the debt crisis that many countries in Africa are currently facing.
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Additionally, the conference will focus on identifying innovative financing strategies and recommending practices for mobilizing new resources while ensuring debt sustainability. The Lomé gathering also seeks to establish principles for effective public debt management and to propose policy reforms that will support the long-term stability of African public finances.
In this context, the Lomé conference is designed to serve as a platform for dialogue and consultation to reshape debt management strategies across the continent. It is part of a broader effort to enhance the economic resilience of African nations against international financial disruptions and to promote sustainable growth.
