Africa Needs a Dove Fund - or Should We Starve So We Can Pay Our Debts?

opinion

Johannesburg, South Africa — Sub-Saharan Africa has a debt problem. According to the most recent World Bank debt statistics, in 2018 the region had about $493 billion in long term external debt.

About one third, $117 billion, was in the form of tradeable bonds. About half of the $17 billion in interest payments Africa made in 2018 was to these bondholders.

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