By Adedapo Adesanya The President of the African Development Bank (AfDB), Mr Akinwumi Adesina, has kicked against resource-backed loans that complicate debt resolution and compromise African countries’ future growth. Speaking at the just-concluded International Monetary Fund and World Bank2024 Spring Meetings, he said Africa’s immense economic potential is being undermined by non-transparent resource-backed loans. “I think it’s time for us to have debt transparency accountability and make sure that this whole thing of these opaque natural resource-backed loans actually end because they complicate the debt issue and the debt resolution issue,” Mr Adesina told journalist, Mr Yinka Adegoke at the
Resource-Backed Loans Killing African Economy—Adesina
