SUB-SAHARAN AFRICA: The African Union’s push for debt restructuring

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● The temporary debt moratoria for poor countries announced by the G20 and IMF are designed to buy time as the conversation around comprehensive debt restructuring is only about to take pace. ● The African Union (AU) is pushing to extend debt moratoria to more countries and calls for private creditor participation, but international support for a ‘Brady bonds’ scheme is lacking for now. ● Coordination problems among donor governments, multilateral organizations and private creditors could see efforts for a comprehensive debt relief package disintegrate, increasing the likelihoo
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