Given the African continent's debt level, it is important for the countries to have conditionalities that will not increase the burden, according to Mikatekiso Kubayi, a researcher at the Institute for Global Dialogue associated with the University of South Africa.
“You want conditionalities that will assist African economies to determine, set their own priorities, and achieve the growth levels that they require; that is where the NDB [New Development Bank] comes in. The NDB is a leader in this. It has a far quicker turnaround time between loan application and granting. It has less stringent requirements for accessing particular loans,” the researcher explains.
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