Published 1 year ago

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

Summary by Reuters

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.

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Reuters

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

1 year ago·United Kingdom

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Hindustan Times

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.

1 year ago·New Delhi, India

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The Star Kuala Lumpur

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

ADDIS ABABA (Reuters) - Heavily indebted African countries are getting a raw deal from the international financial system which charges them "extortionate" interest rates, the U.N. Secretary-General Antonio Guterres said on Saturday Read full story

1 year ago·Malaysia

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Financial Post

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.

1 year ago·Canada

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Dawn

Debt-laden Africa charged ‘extortionate’ rates: UN

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

1 year ago·Pakistan

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Handelsblatt

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.

1 year ago·Düsseldorf, Germany

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