Category: Africa

Why Africa’s leaders cannot wait for debt relief

(July 11, 2005) Examples of government corruption are “always far from the lips of the hand-wringing international nongovernmental organizations (NGOs) that plead Africa’s case for increased aid, debt cancellation and, well, anything really,” writes Dianna Games, the director of Africa@Work, an events, publishing and research company.

Nigeria wins debt relief

(July 5, 2005) The Paris Club of rich nation lenders has agreed in principle to a debt relief package for Nigeria. The club of 19 member nations is expected to write off about $18 billion of Nigeria’s $35 billion debt and Nigeria plans to buy back its remaining loans using funds from a windfall in oil revenues.