AFRODAD, SADC PF sign deal to promote sound finance
Through collaborative efforts, SADC PF and AFRODAD aim to ensure sound financial governance becomes a cornerstone for African governments.
HARARE, Zimbabwe - The African Forum and Network on Debt and Development (AFRODAD) and the Southern African Development Community Parliamentary Forum (SADC PF) signed a memorandum of understanding Tuesday to partner in promoting sound financial and debt management policies across Africa, writes Winston Mwale.
The agreement formalizes collaboration between the two organizations to influence policy by providing technical support to African governments and parliaments.
The partnership comes at a time when African countries are dealing with multiple crises and aims to help governments regain political, economic and social agency, according to a statement.
"Today, effective financial governance of countries constitutes the bedrock of sustainable development and provides the conducive environment for the enjoyment of socio-economic human rights by citizens," SADC Parliamentary Forum Secretary General Boemo Sekgoma said in the statement.
"In this regard, the Forum welcomes its collaboration with AFRODAD under this forward-looking MOU to promote sound financial and debt management through parliamentary and other initiatives."
AFRODAD Executive Director Jason Rosario Braganza emphasized the agreement marks a significant step in enhancing the organizations' commitment to responsible debt management and robust financial systems.
He said the partnership will bring technical and political economy perspectives to help develop a Model Law on Climate Action.
"We look forward to merging our combined expertise which will empower parliaments and other key stakeholders to play a leading role in this critical endeavor," Braganza said.
The agreement signing represents a milestone toward making "Africa a Rule-Maker" in working toward sustainable development and climate justice on the continent, the statement said.
Through collaborative efforts, SADC PF and AFRODAD aim to ensure sound financial governance becomes a cornerstone for African governments.
This is a very good development that will help bring sanity in the way public resources are managed in our respective governments and collectively as a block.
Through your support we are already engaging with the process..... Malawi having adopted the SADF PF Model law and embrace it with our PFMA 2022.