Africa: Vultures, Doves and African Debt – Here’s a Way Out

[The Conversation Africa] Once again, African countries are confronting overwhelming debt burdens. According to the most recent World Bank debt statistics, they owe a total of $493.6 billion in long term debt to their foreign official and commercial creditors. About one third, $117 billion, is in the form of tradeable bonds. In 2019, many African countries spent more money servicing their debts than they did on health.Read the Original Article