Audio By Carbonatix
An exceptional situation calls for exceptional measures.
The Senegalese president has asked G20 states to relieve the African debt, as the continent is facing the coronavirus pandemic.
Addressing a crowd of businessmen during a visit to the French Entrepreneurs' Conference, Macky Sall pleaded for the moratorium on Africa's debt to be extended until next year.
"For the most part, and for all African countries, internal efforts will not be enough to lessen the shock of Covid and revive economic growth," Sall said.
"We need more financial capacity, which is why, with other colleagues, I have made a plea for substantial relief of Africa's public debt and private debt on terms to be agreed upon."
As an example, Macky Sall cited the rule that debt cannot exceed 3% of GDP, which has been suspended for G20 countries during the crisis.
The African debt is worth three hundred and sixty five million dollars, which only represents 2% of the global debt.
Macky Sall also met with the French president Emmanuel Macron to discuss international relations.
Latest Stories
-
Don’t scrap OSP – Anti-corruption CSO demands review
3 hours -
GIS, EU vow closer security cooperation to boost northern border control
3 hours -
IGP leads major show of force with new armoured fleet
4 hours -
Two female prison officers killed in ghastly crash
5 hours -
Abolish or Reform? Abu Jinapor counsels sober reflection on debate over future of Special Prosecutor’s Office
7 hours -
2026 World Cup: Can Ghana navigate England, Croatia, and Panama in Group L?
7 hours -
NAIMOS task force arrests 9 Chinese illegal miners, destroys equipment at Dadieso
7 hours -
NAIMOS advances into Atiwa Forest, uncovers child labour, river diversion and heavy machinery
7 hours -
NAIMOS Task Force storms Fanteakwa South, dismantles galamsey operations
8 hours -
The Kissi Agyebeng Removal Bid: A Look at the Numbers
9 hours -
DVLA to roll out digitised accident reports, new number plates and 24-hour services
9 hours -
DVLA Workers’ Union opens 2025 Annual Residential Delegates Congress with call for excellence, equity and solidarity
9 hours -
Scholarships Secretariat sets December 8–9 interviews for Commonwealth Scholarship applicants
9 hours -
WASSCE decline reveals deep gaps, there’s need to overhaul education system – Franklin Cudjoe
10 hours -
JOY FM Drive Time host Lexis Bill leads fans up Aburi Mountain in energetic ‘Walk With Lexis’ fitness experience
10 hours