2026 Perspectives for the Public Sector

Welcome	4
Fueling Defense: The Financial Front	6
Strategic Stewardship in Uncertain Geopolitical and Economic Times: Maximizing Liquidity and Impact in the Public and Philanthropic Sectors	12
How Debt Conversions are Evolving with the Times	18
Energy Access in Africa	24
From Vulnerability to Viability: Best Practices and Financial Instruments for State-Owned Enterprises	28
Changing Dynamics of Development Finance	36
The Legislative Landscape: Shaping Stablecoins and Tokenization in the Digital Asset Era	43
Tokenizing Public Sector Debt: Reimagining the Bond Lifecycle from Issuance to Custody	46
Deepening Africa’s Domestic Debt Capital Markets: The Cornerstone of Sovereign Resilience	54

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