President of African Development Bank, AfDB, Akinwumi Adesina, has condemned loans backed by natural resources, such as crude oil, gas and minerals, saying they are corruptible.
Adesina, in a tweet few minutes ago, also described such loans as non - transparent, unfair, complicating debt resolution and mortgage the future of countries.
He called on Africa, to end all natural resources - backed loans.
"Loans backed by natural resources (oil, gas, minerals) are toxic. They are non-transparent, unfair, corruptible, complicate debt resolution, and mortgage the future of countries. Africa must end all natural resources-backed loans", Adesina, stated
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ISSN 2354 - 4104
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