Intervention: Samantha Kanoyangwa, African Sovereign Debt Justice Network

The current monetary and financial frameworks undermine the economic, monetary and financial sovereignty of developing countries, trapping them into currency hierarchies, liquidity challenges and regressive monetary policies that restrict policy and fiscal space for macroeconomic stability, structural transformation and economic diversification, with real-economy effects on the cost of living, employment opportunities and social expenditures, including for gender equality and climate adaptation.