The crushing weight of external debt is crippling Africa’s poorest nations, prompting a coalition of former African leaders, backed by seven ex-heads of state, to push for a new debt relief programme. Their proposal mirrors the Highly Indebted Poor Countries (HIPC) initiative of the 1990s, aiming to ease financial pressure from private, bilateral, and multilateral creditors.
The UN Development Programme has also called for urgent action, highlighting that a 60% debt reduction could save the world’s 31 poorest countries nearly $80 billion. But will global creditors respond?
Joining us to break it all down is Oladipo Ajayi, Head of Fixed Income and FX at Chapel Hill Denham. Stay tuned for expert insights!
SUBSCRIBE to our YouTube channel: http://youtube.com/newscentraltvafrica for more videos
Follow News Central on:
Facebook: https://www.facebook.com/NewsCentralAfrica
Twitter: https://twitter.com/NewsCentralTV
Instagram: https://www.instagram.com/newscentraltv
LinkedIn: https://www.linkedin.com/company/18775091/admin/feed/
Threads: https://www.threads.net/@newscentraltv
TikTok: https://www.tiktok.com/@newscentraltv
For more content, go to: https://newscentral.africa
#NewsCentral #Nigeria #Politics #AfricaFirst #Africa #News #WestAfrica #ECOWAS #Government #Governance
Comments