insert_link Africa African countries can’t resolve their debt crisis under a system rigged against them By Carlos Lopes, University of Cape Town The debt situation in many African countries has escalated again to a critical juncture. Twenty are in, or at risk of, debt distress. Three pivotal elements significantly contribute to this. Firstly, the rules governing the international banking system favour developed countries and work against the interests of African countries. Secondly, multilateral financial institutions such as the International Monetary Fund […] todayMay 6, 2024 10
insert_link Africa Africa’s debt crisis needs a bold new approach: expert outlines a way forward By Danny Bradlow, University of Pretoria It hasn’t been easy for African states to finance their developmental and environmental policy objectives over the past few years. Recent events suggest that the situation may be improving. For the first time in two years, three African states have been able to access international financial markets, albeit at high interest rates. Kenya, for example, is now paying over 10% compared to […] todayFebruary 22, 2024 5
insert_link Africa Zambia’s foreign debt tragedy – what needs to happen to resolve the crisis By Danny Bradlow, University of Pretoria Three years after defaulting on its foreign debt, Zambia is still trying to reach agreement with all its creditors on how to manage this situation. This has left the southern African country in a state of development finance limbo. It is handicapped in raising the funds needed to generate jobs, build infrastructure, provide health, education and social services and deal with climate change. Its president, […] todayDecember 1, 2023 4
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
