DEBT AND DISTRESS:
ACTION TIME FOR AFRICA
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This disturbing state of affairs has raised the alarm over Africa’s debt situation even as the continent steers toward post-pandemic economic recovery
China’s lending to Ethiopia and Djibouti does have geopolitical and strategic goals
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China has carefully abandoned its strong preference for bilateral dealing with problem debtors.
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Multiple governments justify borrowing the 2020/21 financial year with the need to put money towards improving pandemic response and economic recovery programmes