Senegal's Macky Sall continues to demand cancellation of Africa's debt

Senegal's Macky Sall continues to demand cancellation of Africa's debt
By: Marc Perelman
Issued on: 17/04/2020 - 20:49Modified: 17/04/2020 - 20:49

In an interview with FRANCE 24 and RFI from Dakar, Senegalese President Macky Sall discussed the Covid-19 pandemic, which has reached Senegal and the rest of Africa. Sall defended the use of the drug chloroquine as a treatment, claiming it has proven effective in his country. He also welcomed the moratorium on African debt agreed by the G20 this week, but said it can only be a first step and that more must be done.
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It does not ease the dire situation for FAR (or for our investment) but, clearly, this pandemic and its domino effect extends FAR beyond the blow to our SMSF or "bottom draw". Whilst bodies like IMF and G20 may be considering so form of debt easing for impoverished nations, I am sure the likes of PC / WPL may have their own version of debt "easing" for CN and FAR....but I am not so sure the medicine will taste good.

GLTA and stay safe in your isolation
MS