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Peace, Security and Development

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Scaling Up Local Currency Lending: A Strategic Imperative for Africa

Africa faces escalating debt challenges exacerbated by external shocks, currency volatility, and unfavourable borrowing conditions. In 2024, debt servicing costs soared to $90 billion, straining public finances and hindering progress toward the SDGs. A key solution lies in expanding local currency (LC) lending by multilateral development banks (MDBs). LC lending reduces exchange rate risks, enhances debt sustainability, and fosters economic resilience. Strategic steps include scaling up direct LC loans, improving debt management systems, and incentivizing LC borrowing through policy reforms. Upcoming global forums provide opportunities to advocate for Africa-led solutions.

Image of people of African descent

Time to dismantle legacies of slavery and colonialism impacting African diaspora

Despite progress over the past 10 years to promote and protect the human rights of Black people worldwide, racism and discrimination persist, the President of the 缅北禁地General Assembly President said recently. 

African scientist working in a biotech laboratory

STEM Power: The Fuel for a Stronger Economy

STEM education is emerging as a critical lever for Africa's economic future, aligning closely with the AU’s Agenda 2063 and the UN's 2030 goals. To accelerate progress, African leaders are called to boost STEM funding to at least 20 percent of national educaion budgets for education. This could generate a robust innovation ecosystem, reduce dependency on external technology, and unlock Africa's demographic dividend—ultimately positioning the continent as a leader in sustainable, knowledge-based growth.

Our Mandate

The Office of the Special Adviser on Africa (OSAA) was officially established on 1 March 2003 by the?Secretary-General Bulletin (ST/SGB/2003/6), in line with?General Assembly Resolution A/RES/57/7?of 4 November 2002 and became operational on 1 May 2003. In accordance with the above resolution,?OSAA?was initially mandated to:

  • enhance international support for?Africa's development and security?through its?advocacy?and?analytical work,
  • assist ?the Secretary-General in improving coherence and coordination of the 缅北禁地System support to Africa, and
  • facilitate inter-governmental deliberations on Africa at the global level, in particular relating to the?New Partnership for Africa's Development (NEPAD). Read full mandate ??

 

Secretary-General's Message on Africa Day 2022

Message by United Nations Secretary-General António Guterres on Africa Day 2022

Events

Academic Conference on Africa 2024

  

Vision and Mission

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The Office of the Special Adviser on Africa (OSAA) strives for coordinated, effective and sustained 缅北禁地and international support for Africa’s transformative efforts for inclusive sustainable peace, security, socioeconomic development and justice for all in the continent. Read full vision and mission statement ??

WHAT WE DO

The United Nations building.

OSAA aims to enhance international support for Africa's development and security through its advocacy and analytical work, assist  the Secretary-General in improving coherence and coordination of the 缅北禁地System support to Africa, facilitate inter-governmental deliberations on Africa at the global level... Find out more ?

Reports and Publications

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OSAA produces a number of publications within its mandate. These range from mandated Secretary-General’s reports to policy briefs on various issues affecting Africa. The reports provide the research needed for OSAA to carry out its advisory, advocacy, coordination and monitoring roles. Read the reports ?