Climate finance: Effective domestic debt management is crucial for African countries
This statement was made by Jean-Paul Adam of the Office of the United Nations Special Adviser on Africa (OSAA), during a session entitled: "Navigating the debt, development and environmental crises: the role of sustainable budgeting". According to Adam, it is important for African countries to assess the potential future costs of interventions and their relative impact on effective debt management. As such, key performance indicators (KPIs) must align with resilience efforts and remain simple and country specific. Mr Adam said budget labelling is crucial to track and identify gaps, and thus facilitate the mobilization of new financing. In addition, debt...
