PREVIEW
US aid cuts and tariffs increase need of African states to get a fairer deal on debt
An expert panel chaired by Nobel prize-winning economist Joseph Stiglitz has called for a new round of debt relief for African countries to prevent a ‘perfect storm’ of rising financing costs making it harder for them to fund healthcare and education (Vol 66 No 7, Mahama’s plans clash with IMF strictures).
The Jubilee Report, commissioned by the late Pope Francis, warns that market pressures are already pushing African governments to ‘prioritise timely debt payments over essential development spending. This is not a path to sustainable development….