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African countries can’t resolve their debt crisis under a system rigged against them

May 06, 2024
by

By Carlos Lopes Professor at the Nelson Mandela School of Public Governance, 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 favor

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African countries can’t resolve their debt crisis under a system rigged against them

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