Rédaction Africa Links 24 with RFI Africa
Published on 2024-06-01 13:32:08
Africa is being crippled by costly loans and unfair interest rates, campaigners in Nairobi warned at a key summit this week as they demanded a rebalance of global financing.
“Africa is at a very crucial moment of its development,” said Desire Assogbavi, of the ONE campaign, a global NGO dedicated to fighting poverty and inequality.Â
Assogbavi was in Nairobi for the annual meeting of the African Development Bank (AfDB), which estimates the continent’s average economic growth in 2023 fell to 3.1 percent – down from 4.1 percent the year before.
High food and energy prices were contributing factors, as were political instability and climate…
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