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Vol 61 No 9

Published 30th April 2020

AU pushes Africa bonds

Finance ministers and economists at the African Union are winning support to restructure the continent's official and commercial debt

Radical measures for a restructuring of Africa's commercial debt and the cancellation of some official debt are under way after the offer of a limited standstill on bilateral payments from the Group of Twenty (G-20) countries on 15 April. A team of finance experts set up by the African Union is seeking deferments of interest and principal payments and some cancellation of the continent's estimated US$365 billion in international debt.

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