It has just been announced that the British Government will pay 10% of Africa's debt so they can spend that money on things like health, education and welfare. He points out that work at the IMF and World Bank level still needs to be done however. Not surprising really.
Good news on the British Government's part: but as you point out, most of the debt is held by international and private institutions. Hopefully someone will tackle them too.
ReplyDeleteOn a more frivilous note, good to see a heavy Ciaran-esque presence on the net! Cheers for the link!