24.07.2020 | New ‘debt trap’ concerns over China lending to Africa
Beijing’s critics will be watching for signs of it securing bigger stakes in Belt and Road projects in exchange for debt relief.
Click here to read the Alaco article in Geopolitical Monitor.
As China sets out to deal with an unfolding financial crisis among coronavirus-stricken African members of its flagship Belt and Road Initiative (BRI), or new ‘Silk Road’, some in the West sceptical of the enterprise’s professed development objectives will be alert to countries possibly ceding stakes in projects in return for loan repayment concessions.
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