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The Liquidity and Sustainability Facility for African Sovereign Bonds

Published: 10 March 2021
Over the past few decades, market-based finance has become central to the global financial system. Huge volumes of financial instruments are traded on a daily basis. In an effort to improve access to global financial markets for African countries, the United Nations Economic Commission for Africa (ECA) – in cooperation with the asset management firm PIMCO – has proposed setting up a Liquidity and Sustainability Facility (LSF). This is designed to create a Special Purpose Vehicle to subsidise private sector investment in African sovereign debt. The LSF would be financed by official development assistance (ODA), multilateral development banks and/or by the central banks of members of the Organisation for Economic Co-operation and Development (OECD).
Compensating Indebted Countries for Keeping Fossil Fuels in the Ground

Compensating Indebted Countries for Keeping Fossil Fuels in the Ground

Published: 5 January 2021
Fossil fuel development, in particular oil and gas, promised vast riches in the past. Today it is exposing fossil fuel producers and their creditors to a massive stranded asset risk. Technological disruption with the rapid cost-reduction of renewable energy and storage technologies, in conjunction with the inevitability of increased climate action, are at the root of unprecedented uncertainties over the future of the sector. 

Perspectives 2/2014: Greening the Continent

Published: 10 February 2020
For this edition of Perspectives, the Heinrich Böll Foundation offered Africa-based thinkers and commentators an opportunity to critically reflect on what a “transition towards sustainability” means or should mean for the region. The articles gathered here go beyond ideological debates to also provide some case studies where green-economy principles have been applied.

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