Tag: commodity-backed loans

It is not every day that a highway is paid for with barrels of oil. Yet in parts of Sub-Saharan Africa, that is exactly how some of the region’s largest infrastructure projects are being financed. Instead of tapping their treasuries or issuing sovereign bonds, governments are ...

The "debt trap" meme claims that China is intentionally lending vast sums of money to poor developing countries in Africa, and elsewhere, with the express intent to seize physical assets in those countries when they inevitably can't repay their debts.