Africa Europe Finance Headlines

Italy offers debt relief to African countries hit by climate disasters

Italy announced a plan to allow African countries to suspend debt repayments after extreme climate events, a proposal unveiled by Prime Minister Giorgia Meloni during the second Italy–Africa Summit held on the sidelines of the African Union (AU) meeting in Addis Ababa. The initiative forms part of Italy’s broader Mattei Plan, which allocates €5.5 billion […]