It’s been more than two months since Ethiopian Prime Minister Abiy Ahmed warned in a letter to G20 leaders that African countries face an “existential threat” from the economic crisis brought on by the COVID-19 outbreak.
Since that initial call on March 24, there’ve been a lot of discussions, a lot of promises, a lot of suggestions but surprisingly little substantive action. Resolving the debt issue, especially given how complicated most African countries’ loan portfolios are today, was never going to be easy.
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