in Short

United States: Treasury Secretary calls for African debt relief

US Treasury Secretary Janet Yellen called on the international community to provide debt relief to African counties.

She was speaking on January 20 in Dakar, Senegal where she kicked off a trip to Africa that will also take her to Zambia and South Africa. Yellen said “debt relief is in the interest of both debtors and creditors”.

“Countries need to be wary of shiny deals that may be opaque and ultimately fail to actually benefit the people they were purportedly designed to help in the first place,” she added, hinting at China.

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