Sputnik Africa
Debt Servicing is 'Structural Barrier to Our Development,' Kenyan Expert Says
African countries are forced to take from capital expenditures and social programs to pay interest, Aly-Khan Satchu emphasized to Sputnik Africa.
To break free from the debt trap, Africa needs more innovative approaches, including:
🟠Public-private partnerships;
🟠Deals with lenders like China, where projects are managed until paid off "and then handed to the government."
"There are plenty of opportunities to be more intelligent and more innovative around the way we manage government's balance sheets in Africa."
📹 Watch the video to learn how other countries, including Russia, are managing their debt problem.
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