Tag Archives: Debt-laden Africa charged ‘extortionate’ rates: UN

ADDIS ABABA: African countries are getting a raw deal from the international financial system which charges them “extortionate” interest rates, the UN chief said on Saturday, as he announced $250 million in crisis funding, including for famine risk on the continent. The United Nations Secretary-General Antonio Guterres wants far-reaching reforms to the structure of international finance to serve the needs …

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