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As many as eight African countries are in need of debt restructuring due to a funding squeeze, according to a key official from the International Monetary Fund (IMF). The IMF is calling for international relief to address the crisis. World Bank President Ajay Banga has also urged IMF members to make record contributions in the next funding round to assist the 75 poorest nations. The IMF aims to reduce the time needed to agree on deals to help poorer nations in debt distress. African countries are making progress in resolving debt crises, but the line is getting longer. Ethiopia is seeking debt relief from other creditors after China, as confirmed by an IMF official.
Africa needs international relief from a vicious funding squeeze that have left as many as eight of its countries requiring debt restructuring, a key IMF official says https://t.co/fbsYzjCOve
Ethiopia seeks debt relief from other creditors after China, IMF official says https://t.co/KjRE0SwNot https://t.co/cKS0qrJ1Ck
Up to eight African nations need debt help, IMF African Department Director Abebe Selassie says He told @BloombergTV there is a "varied" picture in sub-Saharan Africa, and debt deals are being struck more quickly than in the past https://t.co/uE1UISlq7n https://t.co/p4yb1H1f5T
African countries are getting closer to resolving debt crises, but the line is getting longer https://t.co/LCnJlLAyFU
African countries are getting closer to resolving debt crises, but the line is getting longer https://t.co/CYVDN2OSLs
The IMF’s chief sets an ambitious target to reduce the time needed to agree on deals to help poorer nations in debt distress, following criticism it’s been taking too long to aid the world’s neediest nations https://t.co/sbEJgsXVVH
The IMF’s chief sets an ambitious target to reduce the time needed to agree on deals to help poorer nations in debt distress, following criticism it’s been taking too long to aid the world’s neediest nations https://t.co/pVnEnUy6ef
World Bank President Ajay Banga urges IMF members to make record contributions in the next funding round for its arm that helps the 75 poorest nations, warning of declining progress in the fight against poverty https://t.co/3eVWNsaliZ
World Bank President Ajay Banga urges IMF members to make record contributions in the next funding round for its arm that helps the 75 poorest nations, warning of declining progress in the fight against poverty https://t.co/nysDNkv41q
Africa needs international relief from a vicious funding squeeze that have left as many as eight of its countries requiring debt restructuring, a key IMF official said https://t.co/P2AbsOTsLa