$824bn resource-backed loans slowing Africa’s growth – AfDB president

The President of the African Development Bank, Akinwumi Adesina, has said that non-transparent resource-backed loans that complicate debt resolution and compromise countries’ future growth are undermining African economic potential. According to a statement from the bank on Wednesday, Adesina said this at the Semafor Africa Summit, taking place on the sidelines of the International Monetary

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