Africa needs debt pause ‘of at least three years’ to avert depression
04 June 2020 - 11:04
Accra — African economies could swing into a depression without a debt moratorium of at least three years, says Ghana’s finance minister Ken Ofori-Atta.
“If we don’t intervene in Africa and manage a way for pushing this debt servicing out for at least three years, are we going to move into a depression and then make the tail of recovery a lot longer than it should be?” Ofori-Atta said on Wednesday on a virtual conference organised by the Harvard University Centre For African Studies...
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