Africa's $824 Billion Debt Burden and Opaque Resource-Backed Loans Hinder Its Potential, African Development Bank President Warns
April 20, 2024
April 20, 2024
TUNIS, Tunisia, April 20 -- The African Development Bank issued the following news release on April 19, 2024:
Africa's immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future growth, African Development Bank President Akinwumi Adesina said on Thursday.
"I think it's time for us to have debt transparency accountability and make sure that this whole thing of these opaque . . .
Africa's immense economic potential is being undermined by non-transparent resource-backed loans that complicate debt resolution and compromise countries' future growth, African Development Bank President Akinwumi Adesina said on Thursday.
"I think it's time for us to have debt transparency accountability and make sure that this whole thing of these opaque . . .