AU member states, experts to convene in Lomé to push for reform on current global financial architecture

Addis Ababa, May 11, 2025 (FMC) — The African Union Commission (AUC) will convene a three-day African Union Conference on Debt in Lomé, Togo, under the theme: “Africa’s Public Debt Management Agenda: Restoring and Safeguarding Debt Sustainability.”

Organized by AUC’s Department for Economic Development, Tourism, Trade, Industry, and Minerals (ETTIM), the conference will be held from 12th-14th May 2025.

This conference will convene AU Member States, policymakers, financial experts, and key stakeholders, including representatives from Ministries of Finance, African Central Banks, Regional Economic Communities, African Multilateral Financial Institutions, and Civil Society Organizations.

Formulating a position on the needed reforms to the current global financial architecture to address the current debt crisis on the continent is one of the key objectives of the conference.

It will also formulate and discuss innovative debt financing mechanisms for securing new financing while maintaining debt sustainability as well as explore and recommend sound debt management practices needed to restore and safeguard public debt sustainability in Africa.