Maseru, Mar.01– Eight former African Heads of State and Government have signed a Cape Town Declaration, calling for debt relief for highly indebted countries and advocated lower borrowing costs for all developing countries.
The declaration was signed at the launch of the African Leaders Debt Relief Initiative (ALDRI), which reflects the leaders’ commitment to rallying for a comprehensive debt relief strategy for countries in dire financial situations.
The launch of the initiative took place on the sidelines of the first G20 Finance Ministers’ meeting in Cape Town, where the South African G20 Presidency had made debt sustainability a central focus.
The declaration also aligns with the African Union’s Agenda 2063, underscoring the continent’s long-term development aspirations. The African Leaders Initiative on debt relief is led by a group of former African leaders, including a former President of the Federal Republic of Nigeria (Chair), Olusegun Obasanjo; former President of the Republic of Malawi, Joyce Banda; former President of the United Republic of Tanzania, Jakaya Mrisho Kikwete; and former President of the Republic of Mauritius, Dr Ameenah Gurib-Fakim, among others. . . .
