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“The Idea That Africa is Drowning in Debt is Nonsensical”

by Eric Olander
Former President of the African Development Bank (AfDB) and Chairman of the Global Fund, Dr Donald Kaberuka, speaking at the Kusi Ideas Festival in Kigali, Rwanda.

The former president of the African Development Bank, Dr. Donald Kaberuka, joined a chorus of African leaders this week to reject accusations that African governments have taken on too much debt and have borrowed excessively from China.

In a speech at the Kusi Ideas Festival that concludes today in Kigali, Dr. Kaberuka said concern about African debt levels is “nonsensical.”  He added that the African share of global debt is “very small,” both in terms of corporate and sovereign debt.

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