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Grieve Chelwa, Associate Professor of Political Economy at The Africa Institute participated in discussions at the International Conference on African Debt Crisis and the International Financial Architecture held in Accra, Ghana from March 27 to 29, 2024.
The conference, convened by IDEAS, a global network of economists advocating for alternative economic approaches, addressed pressing challenges facing African economies, particularly the escalating debt crisis compounded by the COVID-19 pandemic.
During the panel discussion focusing on the obstacles hindering debt restructuring efforts in Africa, Prof Grieve Chelwa was joined by esteemed speakers: Godwin Murunga, Executive Secretary of the Council for the Development of Social Science Research in Africa (CODESRIA); Hanan Morsy, Deputy Executive Secretary and Chief Economist of the United Nations Economic Commission for Africa; and Jomo Kwame Sundaram, Senior Adviser at the Khazanah Research Institute. Chaired by Godwin Murunga, the panel delved into the complexities surrounding debt renegotiations. Prof Chelwa’s remarks emphasized the necessity for unified action against debt and questioned the asymmetry in negotiation platforms, advocating for greater inclusivity in debt discussions.
According to IDEA X’s (formerly Twitter) feed, “As the IDEAs Panel on Obstacles to Debt Restructuring in Africa came to a close, Prof Chelwa echoes Thomas Sankara’s words on the need for a united front against debt. Why only a Paris club, a London club- of creditors? Where is the Accra club, the Lusaka club -of borrowers?”
As African nations grapple with the repercussions of mounting debt burdens, the discussions at the conference underscored the urgent need for reforms in debt restructuring mechanisms and the global financial system. Prof Chelwa’s participation exemplified the commitment of scholars and policymakers to addressing the multifaceted challenges facing African economies.
Click here to learn more about the full program.
Grieve Chelwa, Associate Professor of Political Economy at The Africa Institute participated in discussions at the International Conference on African Debt Crisis and the International Financial Architecture held in Accra, Ghana from March 27 to 29, 2024.
Grieve Chelwa, Associate Professor of Political Economy at The Africa Institute participated in discussions at the International Conference on African Debt Crisis and the International Financial Architecture held in Accra, Ghana from March 27 to 29, 2024.
The conference, convened by IDEAS, a global network of economists advocating for alternative economic approaches, addressed pressing challenges facing African economies, particularly the escalating debt crisis compounded by the COVID-19 pandemic.
During the panel discussion focusing on the obstacles hindering debt restructuring efforts in Africa, Prof Grieve Chelwa was joined by esteemed speakers: Godwin Murunga, Executive Secretary of the Council for the Development of Social Science Research in Africa (CODESRIA); Hanan Morsy, Deputy Executive Secretary and Chief Economist of the United Nations Economic Commission for Africa; and Jomo Kwame Sundaram, Senior Adviser at the Khazanah Research Institute. Chaired by Godwin Murunga, the panel delved into the complexities surrounding debt renegotiations. Prof Chelwa’s remarks emphasized the necessity for unified action against debt and questioned the asymmetry in negotiation platforms, advocating for greater inclusivity in debt discussions.
According to IDEA X’s (formerly Twitter) feed, “As the IDEAs Panel on Obstacles to Debt Restructuring in Africa came to a close, Prof Chelwa echoes Thomas Sankara’s words on the need for a united front against debt. Why only a Paris club, a London club- of creditors? Where is the Accra club, the Lusaka club -of borrowers?”
As African nations grapple with the repercussions of mounting debt burdens, the discussions at the conference underscored the urgent need for reforms in debt restructuring mechanisms and the global financial system. Prof Chelwa’s participation exemplified the commitment of scholars and policymakers to addressing the multifaceted challenges facing African economies.
Click here to learn more about the full program.
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