{"id":64582,"date":"2025-11-25T20:20:13","date_gmt":"2025-11-25T20:20:13","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-union-chair-advocates-fair-debt-restructuring"},"modified":"2025-11-25T20:40:52","modified_gmt":"2025-11-25T20:40:52","slug":"african-union-chair-advocates-fair-debt-restructuring","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-union-chair-advocates-fair-debt-restructuring","title":{"rendered":"African Union Chair Advocates Fair Debt Restructuring"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Lesotho. <\/strong><\/span>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\u2019s development.<\/p>\n<p>Lourenco\u2019s comments, delivered to African and European Union leaders assembled in Angola\u2019s capital, come as a growing number of African countries are at risk of debt distress.<\/p>\n<p>The Group of 20\u2019s Common Framework, set up during the COVID pandemic to speed up debt restructuring for poorer nations, has made limited progress, though last weekend\u2019s G20 summit in South Africa committed to improving it.<\/p>\n<p>\u201cWe are in dire need of a new vision for the financial relationship between Africa and international lending institutions so that we can invest in development without being stifled by unsustainable debt,\u201d Lourenco told the first day of an AU-EU summit.<\/p>\n<p>\u201cOn behalf of all of Africa, I reiterate the urgency of working towards comprehensive reform of the global financial system, including fairer debt restructuring mechanisms,\u201d Lourenco added.<\/p>\n<p>United Nations Secretary-General Antonio Guterres, addressing the same summit, agreed the world\u2019s financial architecture needed to be overhauled.<\/p>\n<p>\u201cWe must reform it for everyone\u2019s benefit and this means ending the crushing debt cycle,&#8230; giving developing countries, many of them in Africa, greater participation and influence in the global financial institutions,\u201d Guterres said.<\/p>\n<p>A panel of Africa experts set up by South Africa during its G20 presidency this year recommended a new debt refinancing plan for low-income countries hit by heavy debt repayments, rather than the current focus on rescheduling payments.<\/p>\n<p>The G20\u2019s Common Framework initiative saw early test cases such as Ghana and Zambia take years to make progress.<\/p>\n<p>Debt concerns for countries such as Senegal and Mozambique have put debt resolution mechanisms back in the spotlight.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Lesotho<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Lesotho. 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\u2019s development. Lourenco\u2019s comments, delivered to African and European Union leaders assembled in Angola\u2019s capital, come as a growing number of African countries are at risk of debt [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":64581,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[245],"class_list":["post-64582","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-lesotho"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>African Union Chair Advocates Fair Debt Restructuring - Lesotho<\/title>\n<meta name=\"description\" content=\"Angolan President Joao Lourenco, current chair of the African Union, on Monday called for fairer debt restructuring tool ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-union-chair-advocates-fair-debt-restructuring\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"African Union Chair Advocates Fair Debt Restructuring\" \/>\n<meta property=\"og:description\" content=\"Angolan President Joao Lourenco, current chair of the African Union, on Monday called for fairer debt restructuring tool ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-union-chair-advocates-fair-debt-restructuring\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-25T20:20:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-25T20:40:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2025\/11\/sm_1764090481.485024.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"810\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-union-chair-advocates-fair-debt-restructuring#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-union-chair-advocates-fair-debt-restructuring\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"African Union Chair Advocates Fair Debt Restructuring\",\"datePublished\":\"2025-11-25T20:20:13+00:00\",\"dateModified\":\"2025-11-25T20:40:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-union-chair-advocates-fair-debt-restructuring\"},\"wordCount\":310,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-union-chair-advocates-fair-debt-restructuring#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2025\/11\/sm_1764090481.485024.jpg\",\"keywords\":[\"Lesotho\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-union-chair-advocates-fair-debt-restructuring#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-union-chair-advocates-fair-debt-restructuring\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/african-union-chair-advocates-fair-debt-restructuring\",\"name\":\"African Union Chair Advocates Fair Debt Restructuring - 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