Multinational - Strengthening capacity of transition states for effective management of debt

This Project, on Strengthening the Capacity of Transition States for Effective Management and Mitigation of Debt Distress Risks, seeks to address debt management and other related public finance management issues in the twenty-two (22) Transition states eligible for the TSF in ADF-15 (as shown in Technical Annex B.18 and B.20), most of which are in debt distress, or at a moderate to high risk of debt distress. The Project is consistent with the Bank Group’s and Regional Economic Communities’ strategies and effort of ensuring debt sustainability of its member countries, especially Transition states. The Project’s objective is also based on the rationale that unmitigated debt crisis in Transition states would have profound implications for fiscal vulnerability and further instability not only for these countries but for the whole of Africa and will significantly impair the continent’s ability to achieve the Sustainable Development Goals (SDGs) and the AU Agenda 2063.