(Bloomberg) — Stronger African economies dont need debt relief from bondholders, whose money will be crucial to help finance the recovery of the continent, according to Senegal Economy and Planning Minister Amadou Hott.
Senegal is one of 46 low-income nations that got a waiver on bilateral debt payments until the first half of 2021 under a plan by the Group of 20 major economies to ease the blow of the coronavirus pandemic. The G-20 has chided private creditors for not joining the relief drive, which has deferred $5.7 billion in interests and principal so far.
However, only a limited number of heavily indebted African countries require a moratorium from commercial creditors, Hott said in a written response to questions.
For Senegal and…
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