Search results
Results from the WOW.Com Content Network
In September 2018, W. Gyude Moore, a former Liberian public works minister and senior policy fellow at the Center for Global Development, said, "The language of 'debt-trap diplomacy' resonates more in Western countries, especially the United States, and is rooted in anxiety about China's rise as a global power rather than in the reality of Africa."
In 2015, the China Africa Research Initiative identified 17 African countries with loans from China facing potential default. [101] Kenyan economist Anzetse Were has argued that some African nations' narratives of Chinese debt-trap diplomacy stem from a lack of fiscal transparency and a weaker bargaining position vis-à-vis China. [102]
China is enjoying its “best in history” ties with African nations, leader Xi Jinping said on Thursday, as he pledged $50 billion in financial support for the continent in addition to military aid.
South African President Cyril Ramaphosa said on Thursday that he did not believe Chinese investments in Africa were pushing the continent into a "debt trap" but were instead part of a mutually ...
A 2019 report by the Lowy Institute said that China had not engaged in deliberate actions in the Pacific which justified accusations of debt-trap diplomacy (based on contemporaneous evidence), and China had not been the primary driver behind rising debt risks in the Pacific; the report expressed concern about the scale of the country's lending ...
China's overseas lending is not a "debt trap", former central bank governor Zhou Xiaochuan has said, after two of the world's biggest international financial institutions warned of growing credit ...
[3] [4] [34] Specifically, the Daily Nation and the Standard, two major Kenyan news companies, have numerous articles centred on the theme of debt-trap diplomacy, and the Kenyan public is generally more critical of Chinese mega-projects than the government. [4] Some critics also posit that it fits into a larger trend of Chinese loans in Africa.
China’s Belt and Road Initiative (BRI) has ambitions to reshape the global economy by connecting more than 60 countries across Asia, Europe, and Africa through trade and infrastructure projects.