Follow CGSP on Social Media

Listen to the CGSP Podcast

Top U.S. Treasury Official Issues Veiled Warnings to African Countries About the Risks of Borrowing From China

File image of U.S. Deputy Secretary of Treasury Wally Adeyemo. JOHANNA GERON / POOL / AFP

Deputy U.S. Treasury Secretary Wally Adeyemo repeated longstanding warnings to African ministers about the dangers of borrowing from China in a virtual speech before the Conference of African Ministers of Finance, Planning and Economic Development that’s taking place in Dakar, Senegal this week.

In what’s become standard practice among many high-level U.S. officials, Adeyemo never mentioned China by name but it was nonetheless evident who he was referring to:

  • Get a daily email packed with the latest China-Africa news and analysis.
  • Read exclusive insights on the key trends shaping China-Africa relations.
  • Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.

China, Africa and the Global South... find out what’s happening.

Subscribe today for unlimited access.

What is The China-Global South Project?


The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.


A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.


Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.


A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.