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Africa

Why Africa stuck in a debt trap?

Some of the world’s poorest people are having to repay the richest nations and banks billions of dollars in interest every year. The governments in Ghana, Somalia, Sudan and Zimbabwe are struggling to provide their people with basic services like healthcare and education. One major factor is that a significant portion of their revenue is allocated to repaying international lenders. How did these countries find themselves in this situation? What measures can be taken to address it? And can policymakers persuade these institutions in New York and London to consider debt cancellation? Our guests for this show: Daniel Amateye Anim Development Economist and Executive Director, Policy Initiative for Economic Development Daouda Sembene CEO AfriCatalyst Hannah Ryder CEO Development Reimagined