Release G20: a recovery plan for African countries<\/p><\/h3><\/div>
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13\/09\/2021<\/div>\n
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The global crisis caused by the pandemic, the so-called pancrisis<\/strong> , has weakened already fragile economies and put the international financing system in crisis. On the occasion of the Italian presidency of the G20, a proposal opens up new horizons for international solidarity and cooperation, in favor of sustainable development.<\/div>\n
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A partial or total debt reduction mechanism, with the creation of a counterpart fund aimed at sustainable investments, is the cornerstone of the initiative promoted by Link. The debt of low-income countries risks further aggravating the consequences of the pandemic that have compromised their development prospects as well as debt sustainability itself. The theme was explored with some African Government Ministers\u00a0<\/strong> and with \u00a0Ambassadors<\/strong> \u00a0of the continent accredited in Italy, as part of the thematic insights of the\u00a0 Italian Presidency of the G20.<\/strong><\/div>\n<\/div>\n