Stop the Bleeding: A Campaign to End Africa’s Financial ​Hemorrhage

Maputo, Aline ASSANKPON

The ‍Campaign: Stop the Bleeding

The‌ campaign “Stop the Bleeding” aims to ⁤address the financial hemorrhage that Africa is experiencing due to the loss of resources, taxes, duties, and capital. Mame ​Diarra Ndiaye Sobel, the Secretary General of the African debt⁣ campaign, ⁤explains that ⁤”blood loss is always dangerous, it suffocates and causes death. And all the⁣ resources that the African continent is losing are killing the continent and depriving it of its ​subjects.”

The ‍campaign seeks to take ⁣advantage of the use of resources at the continental level by trying to preserve what is being lost. This includes addressing issues such⁤ as taxes, duties,⁤ and⁤ capital ⁤that organizations do not ⁤pay,‍ as well​ as illegal financial flows ​and debt servicing that is a bottleneck for the continent.

The Feminist Approach to Debt

The‍ campaign also ‍focuses ‌on the feminist‍ approach to debt, which aims to inform and⁢ build capacity, as well as⁤ advocate and‌ influence. Mame​ Diarra Ndiaye Sobel​ emphasizes the importance of African communities, citizens, and governments understanding the concept of feminism ‍and how it can affect the daily lives of​ citizens ⁢and economies.

The feminist approach prepares organizations‍ and stakeholders for the ‌long-term inclusion‌ of women. When women are educated and trained, they‍ can go far thanks to the emerging global ⁢financial architecture. ‌The campaign also welcomes the progress made in bringing together major African organizations with pan-African values to work towards a ​common ⁣and‍ agreed point of view.

Recommendations

Following the analyzes made on​ the‍ architecture of debt from a feminist perspective, Mame Diarra Ndiaye ‍Sobel⁣ suggests adopting a programmatic approach through three relevant recommendations for concrete actions.

The first recommendation is capitalization, which includes the ⁤establishment of a working group to synthesize the conclusions of‌ the forum, reinforced by research that already exists in order to obtain​ data to propose ‍pragmatic⁣ action ‍plans.

The second​ recommendation involves establishing a multi-actor dynamic at national level, which includes‌ governments very actively. The African Group must be​ technically⁢ strengthened,⁢ supported, and deployed around relevant, agreed, ​and promising⁤ discussion‍ points.

The third recommendation includes forming ​a rapid joint feminist bid in the process of reforming ⁣the global financial architecture. ‍Feminist ‌organizations must be supported to⁢ draw⁢ up an ⁤application ​to be effectively integrated ⁣into the Agenda ​of​ the upcoming conference.