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African Nations Say They’re Being Ripped Off by Wall Street

From left, Macky Sall, Kristalina Georgieva and Amina J. Mohammed attend an IMF conference on Africa’s indebtedness in Dec. 2019.
From left, Macky Sall, Kristalina Georgieva and Amina J. Mohammed attend an IMF conference on Africa’s indebtedness in Dec. 2019.Photographer: Seyllou/AFP via Getty Images
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Macky Sall had a bone to pick with creditors. Sitting before the head of the International Monetary Fund, investors and diplomats during a conference on African debt in December, the Senegalese president complained that Western prejudice keeps borrowing costs unfairly high on his continent.