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China must step up on Africa debt relief: Ghana finance minister

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China must step up on Africa debt relief: Ghana finance minister

China must do more to help ease the debt burden of African countries facing economic calamity as a result of the coronavirus pandemic, Ghana’s finance minister said.

Speaking with the Center for Global Development, Ken Ofori-Atta said Europe may also need to offer special drawing rights – a form of foreign exchange reserves managed by the International Monetary Fund – to shield Africa from commercial debt defaults.

source: reuters

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