Having failed to take advantage of the G20's debt suspension initiative, which brought in new African contracts for all his competitors, former International Monetary Fund managing director Dominique Strauss-Kahn is now offering his services as a consultant in Africa's smallest capitals.
Initially scheduled to take place in Brussels and then Paris, the CEMAC round table on public-private partnerships has finally taken place in Brazzaville, attracting a veritable horde of lawyers specialising in this domain.
While continuing to lobby for an extension to the G20 moratorium on sovereign debt, the Elysée is preparing to hold a summit in Paris in May on investment in Africa to which several dozen African heads of state will be invited.
Having negotiated a rescheduling of its debts with China Development Bank and obtained nearly a billion dollars from the IMF, Angola is relying on a top team of consultants to handle dealings with its two other Chinese creditors as well as auditing its external debt and developing trade with the United States.
For African countries, taking advantage of the G20 moratorium on bilateral debt during the Covid-19 pandemic could lead to unforeseen consequences, especially in terms of their credit ratings. A number of banks and law firms have been guiding them through this financial minefield.