Ghana and Zambia’s official creditors are pressing them to default on loans to two African multilateral financial institutions: the African Export-Import Bank (Afreximbank) and the Trade and Development Bank (TDB).
These creditors, in effect, are demanding that the two countries prioritise repayments to themselves over payments to these two banks.
As academics who have worked on the challenges of financing sustainable development in Africa, we believe this action is short-sighted.
