Author: Marketforces Africa

COVID-19: Africa Needs Debt Relief, Restructuring –Adesina Africa needs debt relief, debt restructuring, and debt sustainability, the African Development Bank (AfDB) president said. Akinwumi Adesina was speaking at Monday’s United Nation Meeting on International Debt Architecture and Liquidity. He said: “It is time to put in place an African financial stability mechanism to protect itself against external shocks.” Adesina said the mechanism will provide a much-needed fiscal safety net for African economies. “Africa is not looking for a free pass. Africa is looking to working with the global community to have the fiscal space to breathe, to grow back better,…

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