Debt-laden African countries charged 'extortionate' rates, U.N. chief says

Debt-laden Africa charged ‘extortionate’ rates: UN

“African countries cannot… climb the development ladder with one hand tied behind their backs,” Guterres says.

African states forced to pay 'extortionate' rates in return for raw deals, UN chief Says

The UN chief criticizes the international financial system for charging African countries with "extortionate" interest rates.

Debt-laden African countries charged 'extortionate' rates, UN chief says

United Nations Secretary-General António Guterres wants far-reaching reforms to the structure of international finance to serve the needs of developing countries more efficiently, he told the opening ceremony of the annual African Union summit.

African Union: UN: Financial markets disadvantage Africa with “extortionate” interest rates

The UN Secretary General is calling for reforms in the international financial system to better account for developing countries. He is announcing 250 million dollars in aid.

UN chief says debt-laden African countries charged 'extortionate' rates, announces $250m in crisis funding

The United Nations Secretary-General Antonio Guterres wants far-reaching reforms to the structure of international finance to serve the needs of developing countries more efficiently.

Debt-laden African countries charged 'extortionate' rates, UN chief says

ADDIS ABABA -- African countries are getting a raw deal from the international financial system which charges them "extortionate" interest rates, the U.N. chief said on Saturday, as he announced $250 million in crisis funding, including for famine risk on the continent.