external debt challenges

Africa Union Inputs for an Elements Paper on Financing for Development

Africa Union Inputs for an Elements Paper on Financing for Development

As the world prepares for FfD4 in 2025, it is imperative that the global community come together to formulate a unified and stronger vision for mobilizing the adequate financial resources needed to achieve the  UN Sustainable Development Goals as well as support the achievement of the African Union Agenda 2063.  Building on the foundations of the 2015 Addis Ababa Action Agenda, which established a comprehensive framework for financing sustainable development, the FfD 4 outcome document should recognize the unique and complex challenges faced by African countries and call for enhanced international support to address issues such as domestic resource mobilization, external debt challenges, and cost effective access to international financial markets in order to promote inclusive growth and sustainable development in Africa.