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Podcast: New Thinking for a New World - a Tallberg Foundation Podcast
Episode: Needed: New Thinking about Africa’s Debt Burden
Description: Bright Simons advocates for a new approach, arguing against debt cancellation as the solution for Africa's current financial challenges.
Africa might finally be on the verge of realizing its enormous potential. A booming, young, optimistic population. Vast reserves of the metals needed to power the clean energy transition worldwide. Widespread popular demands to end corruption. A growing middle class. Taken together, these assets could produce the prosperity and peace Africans deserve.
What stands in the way?
One of the most important blockages is too much debt, compounded by too much history of mismanaging past borrowings...