Uneca discusses reforms to address SOE debt challenges to Africa's growth

The United Nations Economic Commission for Africa (Uneca) hosted high-level discussions about tackling the growing challenges of State-owned enterprise (SOE) debt in Africa, highlighting the vital role played by SOEs in many African countries' socioeconomic performance. Critical public services tended to deteriorate proportionately to SOEs’ financial difficulties, leading to a downward spiral of weakened service delivery and growth, Uneca Macroeconomics, Finance and Governance Division (MFGD) director Zuzana Schwidrowski said.