in

The old arguments for debt cancellation in Africa no longer apply

The old arguments for debt cancellation in Africa no longer apply

The author is a policy analyst affiliated with Imani, a think-tank based in Accra

Two decades ago, the world was in the grip of a great debate over debt and debt cancellation in Africa. Total public debt stock had climbed to nearly $300bn by 2002 from $40bn in the two decades prior. Jubilee Debt Campaigners insisted on immediate cancellation. The Pope concurred.

Today, Africa’s external debt alone exceeds $700bn. Campaigners are back…


Posted by Editor

YouTuber wins NBA Dunk Contest

Despite Help for Venezuelans in South America, Many Still Head to U.S.