African Union chair calls for fairer debt restructuring tools at summit with EU

25/11/2025 6:37

Angolan President Joao Lourenco, current chair of the African Union, on Monday called for fairer debt restructuring tools and innovative financing instruments to support Africa's development.



Lourenco's comments, delivered to African and European Union leaders assembled in Angola's capital, come as a growing number of African countries are at risk of debt distress.



The Group of 20's Common Framework, set up during the COVID pandemic to speed up debt restructuring for poorer nations, has made limited progress, though last weekend's G20 summit in South Africa committed to improving it.