litigation support

The ALSF provides technical assistance for African governments in litigation related to vulture funds. The threat of vulture fund litigation is viewed as a major threat to debt relief of the RMCs especially the High Indebted Poor Countries (HIPC). According to IMF reports, claims by vulture funds constitute between 12 to 13 percent of a country’s gross domestic product (GDP) and it is estimated that eleven HIPCs have been targeted in forty-six lawsuits. In response to the mandate, the Facility actively identifies vulture fund litigation cases against its members and provides legal assistants to governments in addressing vulture fund litigation cases.