Main content

Will rich countries cancel Africa's debt amid coronavirus?

More than 100 global charities and development agencies are pressing the world's 20 richest economies to introduce measures to suspend current repayments on loans and eventually cancel debts owed by poor countries.

It is estimated 69 of the world's poorest nations will pay almost $20bn this year on loans issued to them by countries, or institutions like the IMF.

Aid agencies like Oxfam, ActionAid, Jubilee Debt Campaign and CAFOD believe the money could be used to fight the spread of coronavirus.

Graham Gordon, the head of public policy at the Catholic development agency CAFOD, tells the Βι¶ΉΤΌΕΔ's Russell Padmore about their campaign.

(Picture: The President of the African Development Bank, Akinwumi Adesina, with the German Chancellor Angela Merkel. Credit: NurPhoto.)

Release date:

Duration:

4 minutes