Why Tanzania Pushes for Reform of International Financial System, Local Economist Explains

Subscribe

Why Tanzania Pushes for Reform of International Financial System, Local Economist Explains

"Developing countries often borrow at higher costs than larger economies with deep financial markets, and this creates a significant challenge," Hildebrand Shayo, an international politics analyst, told Sputnik Africa, highlighting one of the reasons in his comment on Tanzania's powerful address to the UNGA.

ℹ Speaking at the 81st session of the General Assembly, Tanzania's vice-president underlined the need for "adequate financing and stronger partnerships," noting that the financial architecture should be "made to work for development."

What else is behind Tanzania's call for change? Watch the video to find out.

Subscribe to @sputnik_africa

Sputnik Africa | X

Newsfeed
0