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#Bangkok2026 🌍  ❗ As African countries navigate mounting debt burdens, climate-related shocks and growing development financing needs, the question is not only how countries borrow, but also how global financial institutions shape their economic choices and development trajectory. ✳️ AFRODAD & partners call for IMF surveillance and lending frameworks that put debt sustainability, fiscal sovereignty and people-centred development at the heart of economic policymaking. Economic advice and lending conditions must be assessed against their implications for public investment, social spending and governments’ ability to deliver essential services. ✳️ Addressing Africa’s debt challenges requires more than fiscal adjustment. It demands fairer global financial governance, affordable and development-oriented financing, stronger domestic resource mobilisation, action against illicit financial flows, and policies that expand fiscal space rather than deepen inequalities or undermine development gains. ✳️ As discussions unfold at the Civil Society Policy Forum during the 2026 IMF–World Bank Annual Meetings in Bangkok, AFRODAD & partners underscore the need for African-led solutions and a global financial system that serves people and development, not debt repayment at the expense of both. Read more➡️o2o.to/i/WOaKxk #AfricaRuleMaker #ResistReclaimRiseUp #CancelTheDebt #DebtJustice

#Bangkok2026 Speaking at the inaugural Borrowers’ Platform Governing Council meeting in Bangkok, Thailand, Janet Zhou (@jayznotes), AFRODAD’s Executive Director, challenged the creditor-dominated global debt system and called for a more democratic, borrower-centred architecture grounded in international law. “For long, creditors have set the rules, and these rules have failed to prevent the debt crisis and the debt distress that many of our countries face today.” She underscored the importance of the Borrowers’ Platform in advancing existing efforts to strengthen borrower agency, including the Common African Position on Debt, adopted by the African Union earlier this year, and the recent launch of the African Credit Rating Agency (AfCRA). AFRODAD has long advocated a shift from a creditor-centred debt architecture towards a democratic, rules-based system anchored in a United Nations Framework Convention on Sovereign Debt. The Borrowers’ Platform is a critical part of this transformation complementing broader reform efforts and providing borrowing countries with a stronger collective voice in shaping the decisions that affect their economic futures. Borrowers must have a meaningful say in the rules governing their debt. The time for a fairer, more democratic global debt architecture is now. Watch the video 👉 youtu.be/9tjcre-s61s #AfricaRuleMaker #ResistReclaimRiseUp #CancelTheDebt