Africa’s debt crisis hinders development projects

1 month ago
119

Across Africa, a growing debt crisis is threatening development. Combined, African countries owe over a trillion dollars in public debt, and the rising cost of servicing these loans is forcing many governments to delay or cancel key infrastructure and social projects.

South Africa, which holds the G20 presidency this year, is pushing for coordinated solutions to ease the pressure on struggling economies.

Al Jazeera’s Fahmida Miller reports from Durban.

Subscribe to our channel: http://bit.ly/AJSubscribe
Follow us on Twitter: https://twitter.com/AJEnglish
Find us on Facebook: https://www.facebook.com/aljazeera
Check our website: http://www.aljazeera.com/
Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/
Download AJE Mobile App: https://aje.io/AJEMobile

#AfricaDebtCrisis #AfricanEconomies #AfricaDevelopment #PublicDebt #LoanServicing #SouthAfrica #G20Africa #DebtRelief #AfricaFinance #AlJazeeraEnglish #AfricaNews

Loading comments...