play_arrow

keyboard_arrow_right

Listeners:

Top listeners:

skip_previous skip_next
00:00 00:00
playlist_play chevron_left
volume_up
  • play_arrow

    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Africa

JPMorgan Warns African MDBs Could Lose Preferred Creditor Status

todayJune 18, 2024 90

Background
share close

JPMorgan analysts have warned that some of Africa’s smaller multilateral development banks, including the Africa Export-Import Bank and the Trade and Development Bank, could be stripped of their Preferred Creditor Status says Reuters. PCS is a widely accepted principle that gives multilateral development banks priority for debt repayment when a borrower faces financial stress, ensuring these banks are paid back before other creditors.

Written by: Leonard Witbeen

Rate it

0%