{"id":51673,"date":"2025-02-19T18:43:13","date_gmt":"2025-02-19T18:43:13","guid":{"rendered":"https:\/\/www.africa-press.net\/mauritius\/all-news\/african-leaders-create-fund-to-provide-cheaper-debt"},"modified":"2025-02-21T21:44:03","modified_gmt":"2025-02-21T21:44:03","slug":"african-leaders-create-fund-to-provide-cheaper-debt","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mauritius\/all-news\/african-leaders-create-fund-to-provide-cheaper-debt","title":{"rendered":"African leaders create fund to provide cheaper debt"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Mauritius. <\/strong><\/span>Beset by debt and billions of dollars in unfunded priorities, African leaders have approved a fund to provide concessional lending to cash-strapped governments.<\/p>\n<p>The facility, known as The African Financial Stability Mechanism (AFSM) will be managed by the African Development Bank (AfDB), Reuters reported Tuesday.<\/p>\n<p>It will have its own credit rating and will be able to borrow from international money markets, the bank said in a ststement.<\/p>\n<p>The call to create the facility was made in 2022 as the Covid-19 pandemic and the war in Ukraine drove sovereign defaults and debt crises in developing countries.<\/p>\n<p>The bank said membership of the fund will be voluntary and open to any member state of the African Union.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Mauritius<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mauritius. Beset by debt and billions of dollars in unfunded priorities, African leaders have approved a fund to provide concessional lending to cash-strapped governments. The facility, known as The African Financial Stability Mechanism (AFSM) will be managed by the African Development Bank (AfDB), Reuters reported Tuesday. It will have its own credit rating [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":51672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[3259,2718,4164,480,241],"class_list":["post-51673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-african-development-bank","tag-african-economy","tag-debt-crisis","tag-finance","tag-mauritius"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>African leaders create fund to provide cheaper debt - Mauritius<\/title>\n<meta name=\"description\" content=\"Beset by debt and billions of dollars in unfunded priorities, African leaders have approved a fund to provide concession ...\" \/>\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\/mauritius\/all-news\/african-leaders-create-fund-to-provide-cheaper-debt\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"African leaders create fund to provide cheaper debt\" \/>\n<meta property=\"og:description\" content=\"Beset by debt and billions of dollars in unfunded priorities, African leaders have approved a fund to provide concession ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mauritius\/all-news\/african-leaders-create-fund-to-provide-cheaper-debt\" \/>\n<meta property=\"og:site_name\" content=\"Mauritius\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-19T18:43:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-21T21:44:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/02\/sm_1739982120.198504.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"538\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/african-leaders-create-fund-to-provide-cheaper-debt#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/african-leaders-create-fund-to-provide-cheaper-debt\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"African leaders create fund to provide cheaper debt\",\"datePublished\":\"2025-02-19T18:43:13+00:00\",\"dateModified\":\"2025-02-21T21:44:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/african-leaders-create-fund-to-provide-cheaper-debt\"},\"wordCount\":135,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/african-leaders-create-fund-to-provide-cheaper-debt#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mauritius\/sites\/61\/2025\/02\/sm_1739982120.198504.jpg\",\"keywords\":[\"African Development Bank\",\"African economy\",\"Debt crisis\",\"Finance\",\"Mauritius\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mauritius\/all-news\/african-leaders-create-fund-to-provide-cheaper-debt#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/african-leaders-create-fund-to-provide-cheaper-debt\",\"url\":\"https:\/\/www.africa-press.net\/mauritius\/all-news\/african-leaders-create-fund-to-provide-cheaper-debt\",\"name\":\"African leaders create fund to provide cheaper debt - 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