The international community quickly agreed this spring that the COVID-19 pandemic and its economic damage necessitated significant action to prevent a major debt crisis across developing countries. But while policymakers have called for a moratorium on developing countries debt payments, bankers and bondholders have raised the alarm about how such action would decimate their bottom lines. There will need to be another approach.
As the crisis continues to devastate the…
Read the full article at: https://www.atlanticcouncil.org/blogs/new-atlanticist/private-lenders-need-to-step-up-on-african-debt-relief/
