Developing African economies were only beginning to recover from the COVID-19 pandemic when Russia’s invasion of Ukraine provoked capital market turmoil and an inflation acceleration that sent food prices soaring.
“Even if the IMF, the World Bank and our regional institutions have put in place emergency funds, these funds don’t really seem sufficient to respond to this.” Rwanda, Barbados, Costa Rica, Bangladesh and Jamaica have already reached agreements for loan programs from the facility, and 44 others have expressed interest.
The African finance ministers, meanwhile, called for a G20-backed framework aimed at helping countries restructure burdensome debt to go further.
Africa is filthy rich with mineral resources, but r siphoned to Europe to please white capitalist n they bully us for our resources
Shame on them. After looting their countries dry they go begging from people that are properly managing theirs
Good business model. Cause the sht. Play the victim. 🥱
This is their legacy Becoming an other charity. Where do you think that money will go. The same place the BILLIONS that 1st world countries have pledged and invested have gone..and it's NOT to this country or citizens. Congratulations 👏👏
Our old burden was poverty unemployment and inequality
What are minerals Africa has are for then. Always begging...yrrr.
MorningLiveSABC Just keep the USA and the European countries out of Africa, they have created enough mess in the past 😂😂😂💪🇿🇦✌️
JvanLogg 🫠 free and independent 🌍 . Always looking for 'wealthy' nations' contributions. 🤣🤣. Hunger and population explosion, in the poorest countries. War, terrorism and corruption.... same, same.
More financial help? Are you nuts? This corrupt anc government had stolen enough.......
Ramaphosa must go.. We can't suffer having our own resources 😙
MorningLiveSABC I miss the due to poor governance, self enrichment and corruption part in the above ....
MorningLiveSABC The incompetent talkative president NAkufoAddo once said & I quote, Africa is beyond aid. I wonder what happened to his message if we can't even feed our continent but expect Europe to feed us
No. It's this very help thats a trojan horse by neoliberals. For years on end the 'poor africans' narrative has gotten countries nothing but predatory loans & dependence on foreign funds. It perpetuates a narrative of victimhood & helplessness. We don't need this kind of help.
Ask your buddies China, India, Brazil and Russia to help.
There are far much worse global disasters happening throughout the world, Africa it's a sereve lack of leadership 🤡🤡and a begger mentally🙄😐. This rubbish must stop, worse disasters are coming & rest of the world is busy right now.
Investors are gradually losing interest upon our country because of the electricity crisis and ordeal. How did we end up in this predicament when we have all the necessary raw materials and different industries. South Africa is the sphere of influence. Corruption affects her.
Common reason in all African countries: terrible leadership
This doesn't make sense, why would someone who is getting wealthy from your labor help you get out of the trap? So these ministers are not the right people for these jobs their thinking is exactly what the oppressors want. We need leaders that think about solving our problems
Akus'ngisi kyanyiwa
We don't have to worry because President Ramaphosa has secured R1.5 Trillion in 'investment pledges' 😁
African leaders are the worst. Devils alive they are busy enriching themselves and their families while their people are drowning in misery, Hunger and poverty. Still they are scapegoating the west
Why doesn't Africa grow a spine and fix their own problems?