New campaign aims to stop banks cashing in during Covid-19 crisis from interest on poor country debt - Global Justice
New campaign aims to stop banks cashing in during Covid-19 crisis from interest on poor country debt New campaign aims to stop banks cashing in during Covid-19 crisis from interest on poor country debt Date: 9 March 2021 Africa is spending three times more on debt repayments to banks and speculators than it would cost to vaccinate the entire continent against Covid-19.(1) African governments are expected to pay $23.4 billion in debt repayments to private lenders alone this year. Many lenders have so far refused to cancel or suspend any of the debts despite calls from world leaders and campaig...
Source: globaljustice.org.uk