Economics
Buy Out African Bondholders With IMF Tool, AfDB Chief Says
- Adesina says IMF’s SDRs could cut Africa’s private-sector debt
- States unlikely to seek G-20 help due to rating risk: Adesina
Photographer: Andrew Harrer/Bloomberg
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International Monetary Fund resources should be used to buy out holders of African bonds and avert a crisis as a global push for debt relief runs aground, the head of the continent’s biggest multilateral lender said.