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Vol 62 No 18

Published 9th September 2021


Chad

Hey, big lender

Glencore's huge lending habits have earned the Swiss commodities trader a ticking off from the International Monetary Fund. In a 7 September statement, Abebe Aemro Selassie, the head of the IMF's African Department, issued a statement saying that 'Chad's debt is unsustainable' and worsening, due to factors including Covid-19, terrorist attacks and falling oil prices. Private sector lenders, he said, must urgently restructure their debt with the Central African nation.

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