DEBT AND DISTRESS:
ACTION TIME FOR AFRICA
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
China has carefully abandoned its strong preference for bilateral dealing with problem debtors.
Multiple governments justify borrowing the 2020/21 financial year with the need to put money towards improving pandemic response and economic recovery programmes