Former President of the African Development Bank (AfDB) and Chairman of the Global Fund, Dr Donald Kaberuka, speaking at the Kusi Ideas Festival in Kigali, Rwanda.
The former president of the African Development Bank, Dr. Donald Kaberuka, joined a chorus of African leaders this week to reject accusations that African governments have taken on too much debt and have borrowed excessively from China.
In a speech at the Kusi Ideas Festival that concludes today in Kigali, Dr. Kaberuka said concern about African debt levels is “nonsensical.” He added that the African share of global debt is “very small,” both in terms of corporate and sovereign debt.
Lead the Conversation on China
Subscribe Today to Get Full Access to The China-Global South Project
$19.00 / monthly
Cancel Anytime - Renews Monthly
$199.99 / yearly
Check Out Everything You'll Get With Your Subscription
The China-Global South Daily Brief delivered to your inbox at 6AM Washington time
Full access to exclusive news and analysis from editors based in the Global South
Yesterday marked the first major development we’ve seen on the debt story in Africa in quite some time. The fact that Angola was the beneficiary was significant, given its outsized position in China’s ...
While U.S. policymakers are trying to come up with a new, more effective approach to challenge China’s engagement in Africa, a trio of scholars at the Washington, D.C.-based China-Africa Research Initiative at Johns ...