Africa's web of creditors complicates coronavirus debt relief
A private ambulance paramedic puts on protective gear during a training to prevent the spread of the coronavirus disease (Covid-19) in the town of Thika, near Nairobi, Kenya, March 20, 2020. PHOTO | REUTERS
Africa is crying out for debt relief to weather a perfect storm of coronavirus, plummeting oil and commodity prices, mounting budget deficits and weaker currencies.
But delivering the relief that would allow governments to pump resources into creaking healthcare systems and shield economies against the fallout from the pandemic is a tall order.
