Why African Banks Are Playing Hardball On Debt
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Why African Banks Are Playing Hardball On Debt
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About this listen
African development banks are locked in a dispute with African nations like Ghana and Zambia over deals to restructure their debts. As the countries finalize debt relief agreements with foreign lenders under the G20’s Common Framework, banks like Afreximbank and TDB are pushing back against deals forcing them to take losses saying it puts the future of African investment at risk.
Bloomberg Reporter Matthew Hill joins Jennifer Zabasajja to explain what’s behind the dispute, what the bank’s leaders have been saying and whether a deal will eventually be done
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