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binner binner
  • 01-06-2015
  • Social Studies
Answered

One good argument against forgiving Africa's debt would be because _____

Verified Answer :

WorldCitizen WorldCitizen
  • 02-06-2015

Many African countries are anyway struggling with money, and receiving  a lot of foreign help. Having debt only makes their financial situation worse and increases the need for foreign help. So in a way, richer countries give money to African countries so that the African countries can give it back- this is not optimal.

Another reason is that a stronger Africa could buy more goods from other countries, and the economy of other countries would increase, too.

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