The agreement by the G20 to allow the world’s poorest nations to suspend bilateral debt servicing will help to ease short-term balance of payments strains in much of Africa, most notably Angola, but many countries will still need comprehensive debt restructurings. Meanwhile, the IMF’s new lending facility is a welcome development and could be suitable for the likes of South Africa and Indonesia, but not Turkey.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.