24
Which of the following is NOT a reason that African countries cannot repay their debts?
Select the best answer from the choices provided.
Lower prices are being paid for African exports, so African countries are poorer.
The lenders have lowered interest rates and forgiven parts of Africa's debt.
Oil prices have increased, so Africans have to use more of their money for oil imports and have less money for paying off the debt.
They are locked in a vicious cycle where they need to borrow more money in order to make payments on existing debts.