Do Not Expect Debt Relief, U.S. Warns Africa

Do Not Expect Debt Relief, U.S. Warns Africa


LEADERSHIP :

The U.S. top Africa diplomat, Tibor Nagy, warned in Pretoria, South Africa on Monday that African countries running up debt they cannot pay back, including China, should not expect to be bailed out by western-sponsored debt relief. The International Monetary Fund and World Bank began the Heavily Indebted Poor Countries (HIPC) Initiative in 1996 to […]

The post Do Not Expect Debt Relief, U.S. Warns Africa appeared first on Leadership Newspaper and NNN.



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