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African diplomats urge UK government to back bill to speed up debt restructurings

28 April 2025
in UK
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African diplomats urge UK government to back bill to speed up debt restructurings
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Exclusive: Countries Struggling with Debt

Diplomats from eight southern and east African nations have urged the UK government to support a private member’s bill aimed at expediting debt restructurings, as economic crises have hindered their ability to repay loans. These countries have faced economic setbacks due to the coronavirus pandemic, the Russian invasion of Ukraine causing inflation, and rising US interest rates increasing the cost of international loans to unsustainable levels. The letter highlights the urgent need for assistance in managing their financial burdens.

Full Article

Tags: AfricanBillDebtdiplomatsgovernmentrestructuringsspeedurge
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