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Evolution of Debt Landscape over the past 10 Years in Africa - Keynote Speech by Dr. Akinwumi A. Adesina President, African Development Bank Group Delivered at the Paris Club - June 20, 2023

· Akinwumi Adesina, President of the African Development Bank Group (International)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, banking regulation and supervision, public finances and debt, development and emerging economies

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· Akinwumi Adesina Wiki · African Development Bank Group WikiEvolution of Debt Landscape over the past 10 Years in Africa - Keynote Speech by Dr. Akinwumi A. Adesina President, African Development Bank Group Delivered at the Paris Club - June 20, 2023

ContextKeynote at the Paris Club of creditor countries on Africa's changing debt landscape; the African Development Bank finances Africa's development and pushes for faster debt resolution.

Why it mattersAdesina shows how African debt shifted toward costlier private and Chinese lenders.

Problems raised
  1. Africa's debt has risen and changed composition.
  2. Private and Chinese debt carry higher interest rates.
  3. Debt resolution is slow.
Solutions proposed
  1. Speed up debt restructuring.
  2. Coordinate all creditors.
  3. Increase concessional financing.
Read full speech on afdb.org ↗

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