• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Economy

AfDB approves borrowing policy to strengthen debt sustainability in low-income countries

4 years ago
in Economy, highlights, Home, home-news, latest News
2 min read
0 0
0
69
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

AfDB approves borrowing policy to strengthen debt sustainability in low-income countries

The board of directors of the African Development Bank (AfDB) Group has approved a new policy that aims to strengthen debt sustainability among low-income African countries. The board approved the Sustainable Borrowing Policy on 23 February 2022.

The new policy primarily targets recipients of the African Development Fund, the concessional window of the Bank Group. The Fund caters to low-income and transitional countries on the continent.

The Sustainable Borrowing Policy responds to a changing debt landscape in Africa, especially among the abovementioned countries.

In recent years, low-income countries have gained access to new sources of finance, including private creditors and creditors outside the Paris Club.

Although this access has allowed them to finance important development needs, it has also increased their public debt.

The COVID-19 pandemic has placed a further strain on government finances. The situation worsened due to unprecedented easing of fiscal and monetary policy adopted by countries to cushion the socioeconomic impacts of the pandemic.

RelatedPosts

Nigerian Crude Oil Hits $70/barrel Amid Global Tensions

Government to Expand Water-Energy-Nexus Project Nationwide to Boost Food Security

Fixtures and Results of the second-leg of First Preliminary Round of 2025/26 TotalEnergies CAF Champions League

Read: Nigeria is no longer the poverty capital of the world

After the COVID-19 outbreak in 2020, governments announced fiscal stimulus packages ranging from about 0.02% of gross domestic product in South Sudan to about 10.4% in South Africa, according to the 2021 African Economic Outlook.

The African Development Bank (AfDB) estimates that African governments needed an additional US$154 billion in 2020 to tackle the crisis.

To address this dilemma, the Sustainable Borrowing Policy introduces two pillars to manage debt. The first pillar emphasizes debt management and transparency through agreed policy actions and technical assistance.

A second pillar will rely on coordination and partnerships with other multilateral development banks, development partners and lenders.

The Sustainable Borrowing Policy replaces the Non-Concessional Debt Accumulation Policy, adopted in 2008 and revised in 2011 to meet the operational needs of the AfDB Group and its regional member countries.

Over the last two years, the new policy has benefited from extensive internal and external consultations with regional member countries, civil society and development partners, including multilateral development banks.

Tags: AfDB approves borrowing policy to strengthen debt sustainability in low-income countriesAfrican Development Bank (AfDB) GroupCOVID-19 pandemicNon-Concessional Debt Accumulation PolicySustainable Borrowing Policy
No Result
View All Result

Highlights

U-20 World Cup: Chile, Paraguay, Japan, and Ukraine Claim Victories on Opening Day 

Dangote Refinery Resumes Petrol Sales in Naira After Last-minute Gov’t Intervention

Premier League: Liverpool’s Perfect Start Ends, Man United Stumbles Again

Farming at the Crossroads: NorvanReports Xspace to Probe How Galamsey Threatens Ghana’s Food Security

Global 5G Connections Projected to Reach 9 Billion by 2030

World Bank Court Blocks Niger From Selling Uranium From Somaïr Mine

Trending

Economy

Nigerian Crude Oil Hits $70/barrel Amid Global Tensions

September 28, 2025

Nigerian Crude Oil Hits $70/barrel Amid Global Tensions Nigerian crude settled at about $70 per barrel, up...

Government to Expand Water-Energy-Nexus Project Nationwide to Boost Food Security

September 28, 2025

Fixtures and Results of the second-leg of First Preliminary Round of 2025/26 TotalEnergies CAF Champions League

September 28, 2025

U-20 World Cup: Chile, Paraguay, Japan, and Ukraine Claim Victories on Opening Day 

September 28, 2025

Dangote Refinery Resumes Petrol Sales in Naira After Last-minute Gov’t Intervention

September 28, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.