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Natural resource-backed loans are a disaster for Africa, warn International Monetary Fund and ...


Natural resource-backed loans are a disaster for Africa, warn International Monetary Fund and ...

October 10, 2023 at 3:43 PM

The International Monetary Fund (IMF) has strongly supported a call by the African Development Bank Group (www.AfDB.org) urging countries in Africa to stop borrowing loans backed by their natural resources.

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