The African Union Debt Conference is underway in Lomé, Togo, bringing together leaders, experts, and financial institutions to address Africa’s growing debt burden.
With over 25 countries now in or near debt distress—up from just 9 in 2012—participants are discussing sustainable pathways to manage and restructure public debt.
Between 2010 and 2020, Africa’s external debt surged, reaching nearly 65% of GDP in 2023, prompting urgent continental reflection.
Togo’s President of the Council, Faure Gnassingbé, opened the session Monday, calling for unity and bold financial reforms.
