Piling debt in Africa to feature in IMF, World Bank meeting in US
A woman on April 5, 2023 walks past a sign for the 2023 Spring Meetings of the World Bank/International Monetary Fund on the IMF building in Washington DC. It will take place in person from April 10 to April 16 this year. PHOTO | DANIEL SLIM | AFP
IMF and World Bank chiefs may be meeting thousands of kilometres from Africa, but the upcoming annual gathering in Washington is eliciting new calls to have piling debt addressed.
The two global lenders are key in funding budgetary deficits in most of East Africa. But this year’s annual meetings often known as Spring Meetings in Washington DC, are also coming amid the clamour for climate change funding and a need for cushioning efforts for the poor.
