French President Emmanuel Macron attends a meeting at the emergency crisis center of the Interior Ministry in Paris, France, 20 March 2020. The pandemic COVID-19 disease caused by the SARS-CoV-2 coronavirus is spreading aggressively through France, with nearly 11,000 confirmed cases and at least 372 deaths reported so far.
Speaking in an interview with Radio France Internationale, Macron urged G20 finance ministers meeting Wednesday to take action on a moratorium as the COVID-19 pandemic threatens to overwhelm the fragile health systems of the poorest countries.“At a time of crisis, we need to give the African economies a break rather than servicing the interest on the debt. This is an essential step and I think it is a huge step forward,” he said.
“Every year, a third of what Africa exports commercially is used to service its debt. That’s crazy! And we have increased this problem in recent years,” he said. “We absolutely must help Africa build its capacities to respond to the public health disaster and we must help it economically,” Macron insisted.
While the coronavirus pandemic appears to have affected Africa less than other parts of the world, Macron called for caution.For more news your way, download The Citizen’s app for
Macron jou doring. Yesss! africandebtmoratorium AfricaRising
FrenchEmbassyZA fact that France has debt with their ex colonies& have expected them to pay it back (with interest) is deplorable! You colonized countries left destruction in your path & they gave out loans with interest to entrap with in a poverty cycle. End this debt! 😠
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