Africa’s Development Banks Are Being Undermined – the Continent Will Pay the Price

Africa’s Development Banks Are Being Undermined – the Continent Will Pay the Price

Ghana and Zambia’s official creditors are pressing them to default on loans to two African multilateral financial institutions: the African Export-Import Bank (Afreximbank) and the Trade and Development Bank (TDB). These creditors, in effect, are demanding that the two countries prioritise repayments to themselves over payments to these two banks. As academics who have worked…

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