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“What we are seeing is a liquidity crisis, like everywhere else, but the situation in Africa is more acute and with fewer coping mechanisms." ONE’s CEO @GayleSmith talking during the #FTDigitalDialogues discussion on #RethinkingAfricanDebt.pic.twitter.com/DAfiC3sJ6P
"The best way to address the liquidity crisis is to pause on debt repayment programmes, provide emergency capital and the resources to fight the pandemic.” ONE’s CEO @GayleSmith talking during the #FTDigitalDialogues discussion on #RethinkingAfricanDebt.
“Governments will be forced to make a choice between managing the pandemic, stabilizing their economies and saving the lives of their people." ONE’s CEO @GayleSmith talking during the #FTDigitalDialogues discussion on #RethinkingAfricanDebt.
“What we’re talking about for a lot of these countries is not a default, but buying them time to get the space & liquidity needed to prevent the erosion of gains since Gleneagles.” ONE’s CEO @GayleSmith talking during the #FTDigitalDialogues discussion on #RethinkingAfricanDebt.
"The cost of uneven or slow or fragmented action now is going to be enormous. It’s going to be much more expensive down the road than to act now..." ONE’s CEO @GayleSmith talking during the #FTDigitalDialogues discussion on #RethinkingAfricanDebt.
"If we leave out low-income countries all of us are going to be looking at public health and economic crises for an extended period of time." ONE’s CEO @GayleSmith talking during the #FTDigitalDialogues discussion on #RethinkingAfricanDebt.
"There's no question that China needs to be in the room on this and be the focus of as much encouragement and pressure as any other creditor, because they are a huge player." ONE’s CEO @GayleSmith talking during the #FTDigitalDialogues discussion on #RethinkingAfricanDebt.
"We can come up with a solution, but it only works if everyone plays." ONE’s CEO @GayleSmith talking during the #FTDigitalDialogues discussion on #RethinkingAfricanDebt.
"We’re at risk of sending a message that extreme times call for extreme measures, but not for the poorest countries." ONE’s CEO @GayleSmith talking during the #FTDigitalDialogues discussion on #RethinkingAfricanDebt.
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