African diplomats urge UK government to back bill to speed up debt restructurings - short news
Exclusive: Countries are struggling to manage expensive loans, with much of debt transacted through London
Diplomats from eight southern and east African countries have signed a letter calling on the UK government to support a private member’s bill that aims to speed up debt restructurings, after economic crises meant countries were unable to pay back loans.
Poor countries’ economies have been hit by a series of global events in recent years, including the coronavirus..
source: The Guardian - 28.04.2025