CIAO DATE: 12/2014
September 2014
Centre for International Governance Innovation
On August 7 and 8, 2014, CIGI’s Global Economy Program co-hosted a conference with Uganda Debt Network to discuss African perspectives on sovereign debt restructuring. Conference participants prepared papers and presentations on various topics related to sovereign debt governance, including Africa’s past experience with sovereign debt restructuring, its stake in sovereign debt governance going forward and the desirability of reforming the international sovereign debt architecture. The aim of this paper is to distill the main insights from these timely and important contributions. Africa’s extensive experience with sovereign debt restructuring, as well as the changing nature of its international debt relations, make the perspectives contained in this paper valuable contributions to the ongoing debate over how best to govern sovereign debt at the international level. The paper also sheds light on the interests and concerns of African leaders regarding sovereign debt — an issue that is particularly critical to Africa’s development prospects.
Resource link: African Perspectives on Sovereign Debt Restructuring [PDF] - 341K