SPECIAL REPORT: MULTILATERALS TO THE RESCUE IN AFRICA

   Mon, 20 April 2020

In the absence of global leadership, the IMF, World Bank, and African multilaterals are taking the lead in supporting Africa’s response to the coronavirus and the continent’s first economic recession in 25 years. While G-20 nations and Paris Club creditors have agreed to suspend debt service payments for Africa’s poorest countries through the end of the year, pressure is building for further interest suspensions and even complete loan write-offs. EXX Africa delves into the multi-faceted issue of financial support for the world’s most vulnerable continent.