Under the Radar: Private Sector Debt and Coronavirus in Developing Countries   [open pdf - 0B]

From the Document: "In the global south, coronavirus is leaving a trail of devastation - from widespread loss of life from the virus itself, to huge economic disruption that has left hundreds of millions of people, who were already struggling to make ends meet, without jobs or sufficient food. Despite this huge economic shock, many developing countries are continuing to pay off debts to rich countries, public institutions like the World Bank and IMF [International Monetary Fund] , and some of the richest banks and hedge funds in the world. This means they have less money to meet the immediate needs of the population. This briefing aims to shine a light on the debt owed to private creditors by five African countries - Ghana, Kenya, Nigeria, Senegal and Zambia - and it outlines the steps which the G20 [Group of Twenty] needs to take immediately to avert further economic chaos."

Oxfam International; Christian Aid; Catholic Agency for Overseas Development; Jubilee Debt Campaign; Global Justice Now
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Oxfam International: http://www.oxfam.org/
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