Church leaders in Africa have called for large-scale debt cancellation to relieve the continent’s crushing debt burden. Source: The Tablet.
According to the African Development Bank, Africa’s total external debt stood at $US1.15 trillion in 2022 and rose to $1.52 trillion in 2023.
The Church leaders met on July 19 in the Rwandan capital Kigali, issuing a statement to the G20, G7, United Nations, IMF and World Bank that warned that Africa will spend $90 billion servicing public debt in 2024 alone, undermining its development.
The Kigali meeting was meant to prepare for the Church’s 2025 Jubilee Year, but the worsening debt burden led the Church leaders to emphasise…
