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AFRICA

The ins and outs of extending G20 debt moratorium again

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“Debt diplomacy”

AFRICA

Debt diplomacy

Because the fight to contain it has involved the use of public funds, the Covid-19 pandemic has led to an explosion of debt throughout Africa, forcing countries to seek a moratorium from the G20 and bring in consultants to help them negotiate with their sovereign, private sector and institutional creditors. In the West, the growth of African countries' debt has led to fierce competition between private and public sector creditors to obtain repayment of their debts. China is also involved but has shown little inclination so far to reschedule African countries' debts.

Lender states want the group of rich countries to again extend its Debt Service Suspension Initiative. France backs the move, but not everyone is on board. [...] (324 words)

Issue dated 04/12/2020 Reading time 2 minutes

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The ins and outs of extending G20 debt moratorium again

Debt diplomacy

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The ins and outs of extending G20 debt moratorium again

Debt diplomacy

This article may be accessed by subscribers and e-wallet holders (USD 12.50)

2 options offered to continue reading

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Set up email notifications for these topics

Mohammed VI snubs Merkel's latest Compact with Africa

China and G20 clash again over Africa's debt, this time about cancellation

Macron and Biden want to force China to play ball on African debt

Debt-ridden Lusaka opts for Highgate to burnish its international image

G20 debt moratorium ushers in golden age for sovereign advisor

Sovereign debt: Paris manoeuvres to involve Beijing in "new deal" with African states

Lungu adds gold tint to spruce up mandate

Economy a double-edged sword in Ouattara's election campaign

Maputo suspends eurobond repayments

Governments seek guidance on hidden pitfalls of G20 debt moratorium

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First visit

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A website produced by

Indigo Publications also publishes: