Afrodad Harare Declaration French

The Harare Declaration is a statement issued following the first African Conference on Debt and Development (AfCoDD), held from August 25 to 27, 2021. The document outlines the systemic failures of the global debt architecture and calls for radical reforms to prevent African nations from falling into unsustainable debt cycles, particularly in the wake of the COVID-19 pandemic.

• The COVID-19 pandemic is projected to push approximately 39 million Africans into extreme poverty and force the younger generation to bear the burden of accumulated debt, which limits their access to structural transformation.
• The composition of public debt has shifted, with an increasing proportion now consisting of commercial bonds traded on international capital markets.
• The current global debt architecture is criticized for lacking transparency and accountability, failing to reform credit market functions, rating agencies, and restructuring mediation mechanisms since the creation of the HIPC and MDRI initiatives.
• Debt sustainability assessments by the IMF and private rating agencies are described as unfair because they prioritize creditor interests and repayment capacity over social and environmental trade-offs.
• The declaration argues that current debt relief, restructuring, and rescheduling initiatives are insufficient because they do not address systemic failures or ensure the participation of all creditors, including private and commercial ones.
• The document calls for the creation of an African Monitoring and Control Mechanism to consolidate transparency and governance, and urges African governments to consider debt cancellation or collective default as part of a unified African position on sovereign debt.
• The declaration advocates for the establishment of new regional institutions, specifically an African Monetary Fund and an African Development Bank, to reduce dependence on neoliberal scenarios and former colonial powers.

APA

African Forum and Network on Debt and Development (n.d.). Afrodad Harare Declaration French. https://afrodad.org/sites/default/files/documents/Afrodad%20Harare%20Declaration%20French.pdf

Chicago

African Forum and Network on Debt and Development. Afrodad Harare Declaration French. n.d. https://afrodad.org/sites/default/files/documents/Afrodad%20Harare%20Declaration%20French.pdf.

Wikipedia

{{cite press release |author=African Forum and Network on Debt and Development |title=Afrodad Harare Declaration French |url=https://afrodad.org/sites/default/files/documents/Afrodad%20Harare%20Declaration%20French.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{africanforumandnetworkondebtanddevelopmentndafrodad, author = {{African Forum and Network on Debt and Development}}, title = {{Afrodad Harare Declaration French}}, publisher = {African Forum and Network on Debt and Development}, url = {https://afrodad.org/sites/default/files/documents/Afrodad%20Harare%20Declaration%20French.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }