Executive Secretary of the UNECA, Vera Songwe
Senegal’s President Macky Sall says some African countries are failing to recover economically because low credit ratings are discouraging international trade and investment. President Sall adds, “We are not really talking about aid. We are talking about partnerships for Africa at least to improve those conditions for loan access and credit market access at the same conditions that are being reserved for those developed countries.”
The Union is also asking that the IMF considers availing new lending facilities for Africa targeted specifically at assisting the continent to get liquidity urgently. This is in addition to the demand that Africa alone gets up to 650 billion dollars in Special drawing rights.
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You don't like Checks and Balances in place do you ?
Lehlohonolo_13 All African countries have to do is ignore them like the Chinese and other serious people do!!
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