P. M. BRIEFING : Debt Blamed for African Plight
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ADDIS ABABA, Ethiopia — African economies improved slightly in 1989 but failed to keep up with population growth and on average Africans became worse off, the continent’s top economist said today.
Adebayo Adedeji, head of the U.N. Economic Commission for Africa, called on creditors to slash the continent’s $250-billion foreign debt bill by at least half and allow a 10-year moratorium on repayments to support economic recovery.
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