Find answers, ask questions, and connect with our
community around the world.

News Feed Forums Forum der Internationalen FriedensFabrik Wanfried African economies begin to collaps: unsustainable debt burdens, Corona… Reply To: African economies begin to collaps: unsustainable debt burdens, Corona…

  • BlackandWhite

    Administrator
    9. Oktober 2020 at 8:08

    „When — because it’s no longer “if” — African economies begin to collapse under the combined weight of unsustainable debt burdens, surging public health costs, persistently low commodity prices, and devalued currencies that effectively push up the cost of borrowing beyond their reach, European and other international stakeholders will not be able to say they didn’t see this coming. And one way or another, they’re going to pay.

    Dealing with the aftermath of failed economies and mass migration will be much more expensive than providing the modest financial relief that African leaders have been calling for the past six months.

    The fact that the European, American, and Chinese governments, who have the resources to prevent this catastrophe are doing virtually nothing to stop it is remarkably short sighted. Maybe they think it’s not their problem or they’re just too consumed with their own political dramas to be able to focus on what’s happening in MENA and Africa?“

    https://www.theafricareport.com/44893/africas-debts-one-way-or-another-someones-going-to-have-to-pay/?utm_source=newsletter_tar_daily&utm_campaign=newsletter_tar_daily_08_10_2020&utm_medium=email&utm_content=edito_full_story