Refinitiv quotes Eric LeCompte on the Ivory Coast's return to capital markets and the DSSI. Read an excerpt below, and click here for the full story.
Ivory Coast shows up debt relief flaws
But the ambiguities of how to help highly indebted sovereigns through the pandemic remain, with Ivory Coast's issuance, according to some critics, symptomatic of deeper flaws in the financial system.
"Unfortunately, this situation with the Ivory Coast represents all that needs to be fixed with the financial system. Taking on more debt and debt relief are symptoms of an economic system where struggling countries wrestle with corruption, budget transparency and not getting accountable aid streams that can end poverty," said Eric LeCompte, executive director at Jubilee USA Network, a non-profit financial reform organisation.
Read the full article here.