{"id":13242,"date":"2022-04-20T10:07:02","date_gmt":"2022-04-20T10:07:02","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/how-long-can-african-leaders-keep-repeating-themselves-on-debt"},"modified":"2022-04-20T10:56:16","modified_gmt":"2022-04-20T10:56:16","slug":"how-long-can-african-leaders-keep-repeating-themselves-on-debt","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/how-long-can-african-leaders-keep-repeating-themselves-on-debt","title":{"rendered":"How long can African leaders keep repeating themselves on debt?"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>This week saw yet another African leader (this time my own president, Cyril Ramaphosa,) calling for international measures to soften the current debt crisis confronting poor countries in Africa and beyond. None of these measures are outrageous.<\/p>\n

Considering that seven out of the top 10 fastest-growing economies in 2020 are African, it doesn\u2019t even need to be seen as as measures to help Africa \u2013 it could be framed as measures to support global growth.<\/p>\n

And yet, judging by the anaemic international response to the debt crisis so far, they\u2019re almost sure to be ignored. \u2018Ignore\u2019 might be an oversimplification.<\/p>\n

There are so many actors with contradictory agendas involved in the current debt crisis that even if they were paying attention, trying to coordinate all of them is a significant challenge.<\/p>\n

But that\u2019s of course if someone\u2019s trying. The debt crisis is the global financial equivalent of a glitch in the matrix revealing a reality that\u2019s been hiding in plain sight.<\/p>\n

One such reality is that the debt relief efforts have been fatally biased in favour of creditors, and against debtor countries. Another revealed truth is that it\u2019s pretty easy for the creditors to ignore an African president.<\/p>\n

Which then raises the more fundamental question: How long can African leaders keep saying the same thing? Will Ramaphosa\u2019s calm, polite reasoning bring the continent any results, and if not, what\u2019s next? What will it look like when African leaders start actively poking at global north pressure points? For example, what if suddenly some gatekeeper somewhere on the continent is made to step aside, and the little boats crossing the Mediterranean increase tenfold, hundredfold, thousandfold?<\/p>\n

I can see how tumbling a region into misery could strike creditors as a regrettable evil in pursuit of a bigger goal (\u201cIt\u2019s essential to stop Special Drawing Rights benefiting China and Iran,\u201d say, or \u201cThe confidentiality of Chinese lending is paramount,\u201d or \u201cBut what about moral hazard?\u201d)<\/p>\n

But to assume that the misery will stay neatly contained to the continent is naive. It will be like global warming: not one big problem, just thousands of big, medium and small ones coming at you for years and years and years.<\/p>\n

More migrants arriving in Italy and Greece. More attacks on American soldiers. More blocked UN resolutions. More kidnappings of Chinese workers. More takeovers of oil installations and mines.<\/p>\n

More piracy of passing ships. Africa is a very generous continent. It always shares what it has (frequently under duress. ) What it could\u2019ve shared was global economic growth. But now, what it will share (and keep sharing) will be misery. And that misery will keep traveling. All the way north.<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. This week saw yet another African leader (this time my own president, Cyril Ramaphosa,) calling for international measures to soften the current debt crisis confronting poor countries in Africa and beyond. None of these measures are outrageous. Considering that seven out of the top 10 fastest-growing economies in 2020 are African, it […]<\/p>\n","protected":false},"author":84,"featured_media":13241,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6,8,16],"tags":[233,246,314,1397,245],"class_list":["post-13242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-lesotho","tag-african","tag-economies","tag-lesotho"],"yoast_head":"\nHow long can African leaders keep repeating themselves on debt? - Lesotho<\/title>\n<meta name=\"description\" content=\"This week saw yet another African leader (this time my own president, Cyril Ramaphosa,) calling for international measur ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/how-long-can-african-leaders-keep-repeating-themselves-on-debt\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How long can African leaders keep repeating themselves on debt?\" \/>\n<meta property=\"og:description\" content=\"This week saw yet another African leader (this time my own president, Cyril Ramaphosa,) calling for international measur ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/how-long-can-african-leaders-keep-repeating-themselves-on-debt\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-20T10:07:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-20T10:56:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/04\/img-625fe6b248dcd.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"732\" \/>\n\t<meta property=\"og:image:height\" content=\"419\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/how-long-can-african-leaders-keep-repeating-themselves-on-debt#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/how-long-can-african-leaders-keep-repeating-themselves-on-debt\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"How long can African leaders keep repeating themselves on debt?\",\"datePublished\":\"2022-04-20T10:07:02+00:00\",\"dateModified\":\"2022-04-20T10:56:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/how-long-can-african-leaders-keep-repeating-themselves-on-debt\"},\"wordCount\":470,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/how-long-can-african-leaders-keep-repeating-themselves-on-debt#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2022\/04\/img-625fe6b248dcd.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"African\",\"economies\",\"Lesotho\"],\"articleSection\":[\"all news\",\"files\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/how-long-can-african-leaders-keep-repeating-themselves-on-debt#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/how-long-can-african-leaders-keep-repeating-themselves-on-debt\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/how-long-can-african-leaders-keep-repeating-themselves-on-debt\",\"name\":\"How long can African leaders keep repeating themselves on debt? 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