'Shoot in the leg' - Kenyan leader orders police to curb violent protests
Africa wants IMF, World Bank and EU support on debt relief – UNECA
8:43 CAT | 02 Apr 2020
Picture: Shutterstock
They also called for the creation of a special purpose vehicle to ‘deal with all sovereign debt obligations.’
African finance ministers want International Monetary Fund, World Bank and European Unions support for bilateral, multilateral and commercial debt relief, according to a statement from the UN Economic Commission for Africa.
The ministers, who met via video conference on Tuesday, said development partners should consider debt relief and interest rate forbearance over a two to three-year period to aid Africa‘s coronavirus response.
They also called for the creation of a special purpose vehicle to “deal with all sovereign debt obligations” though no further details were given as to what shape this SVP would take.
Source: Reuetrs
Show comments
Also read
Leave a Reply
Be the First to Comment!
You must be logged in to post a comment.
You must be logged in to post a comment.