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No to Aids-drugs loan

    JOHANNESBURG

    South Africa and Namibia have rejected an offer by the United States of US $1 billion each year in loans to sub-Saharan African nations for the purchase of US-manufactured HIV/AIDS drugs, ‘The New York Times’ reported on Wednesday.

    Namibia and South Africa rejected the offer because they said they did not want a bigger debt burden, but rather AIDS drugs they could afford. The newspaper said that other countries were also considering rejecting the US offer. The US Import-Export Bank offered the loans last month to 24 countries, none of which have accepted so far.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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