It holds 62% of Africa’s bilateral debt which rose from 1% of GDP to over 15% in a decade COMMENT | PAOLA SUBACCHI | The pandemic is confronting highly indebted poor countries with a fateful dilemma. As Ethiopian Prime Minister Abiy Ahmed, a Nobel Peace Prize laureate, lamented last April, …
Read More »
The resources meant for debt payment should be channeled into strengthening health care, social protection and economic recovery Kampala, Uganda | ISAAC KHISA | As Ugandan government grapples with external debt repayment, leaving it with limited resources to fight the ravaging coronavirus pandemic and its related negative impacts, financial experts …
Read More »
The continent’s debt-service payments in 2020 amount to $44 billion which is a lot of money COMMENT | COBUS VAN STADEN | The COVID-19 crisis is pushing Africa to the financial brink. African governments are under pressure to continue servicing their external loans, leaving them with few resources to confront …
Read More »
Kampala, Uganda | XINHUA | World Bank Group President David Malpass on Saturday urged the Group of 20 (G20) countries to extend the time frame of the Debt Service Suspension Initiative through the end of 2021, calling it one of the key factors in strengthening global recovery. “I urge you …
Read More »
The Independent Uganda: You get the Truth we Pay the Price