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Moody’s: Togo’s participation in DSSI poses risks for private sector

The Togolese government is taking part in the G-20 Debt Service Suspension Initiative, which suspends payments to bilateral Paris Club creditors from the first of May till the end of the year 2020. Ratings Agency, Moody’s says Togo’s participation in the initiative offers short term liquidity relief but poses risks for the private sector. Lucie Villa, Vice President and Senior Credit Officer at Moody’s joins CNBC Africa for more.

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The Togolese government is taking part in the G-20 Debt Service Suspension Initiative, which suspends payments to bilateral Paris Club creditors from the first of May till the end of the year 2020. Ratings Agency, Moody’s says Togo’s participation in the initiative offers short term liquidity relief but poses risks for the private sector. Lucie Villa, Vice President and Senior Credit Officer at Moody’s joins CNBC Africa for more.