News

The African Economic Research Consortium (AERC), in collaboration with Boston University Global Development Policy Center, the Vulnerable Twenty (V20) Group of Ministers of Finance of the Climate Vulnerable Forum (CVF), and Debt Relief for a Green and Inclusive Recovery (DRGR) Project will be hosting a side event on September 5, 5:30 pm-6:30 pm at the Africa Climate Summit taking place in Nairobi on September 4- 8, 2023. The event, organised under the Summit’s thematic pillar, Adaptation and Resilience to Climate Risk, will address issues around the emergency coalition for debt sustainability and climate prosperity and the alternative frameworks and solutions that can be offered to reform the debt architecture.

The AERC will present findings from the ongoing collaborative research project on Evidence to Drive Reforms for Special Drawing Rights (SDR) Financing in SSA Economic Recovery, funded by the Bill and Melinda Gates Foundation (BMGF). The project focuses on countries with a high potential to use SDR allocations for development, but currently face serious debt issues, including Ghana, Ethiopia, Senegal, and Kenya. The side event will feature high-level speakers, among them Prof. Abebe Shimeles (African Economic Research Consortium and University of Cape Town), Jason R Braganza (AFRODAD), Dianah Ngui Muchai (AERC), Kevin Gallagher (Boston University Global Development Policy Center), Sara Jane Ahmed, (Finance Advisor to the Vulnerable Twenty (V20) Group of Ministers of Finance of the Climate Vulnerable Forum (CVF), and Hanan Morsy, (Deputy Executive Secretary and Chief Economist United Nations Economic Commission for Africa (ECA).