Tag: debt trap
Related Posts
Amid Rising Fears Over Debt, Government Tries to Reassure Public That China Will Not Seize Assets
This year's dramatic fall in oil prices combined with the federal government's move to take on billions of dollars in new loans in the midst of an ongoing economic crisis is prompting widespread anxiety in Nigeria. Those concerns were further amplified this week when the country's Debt ...
CARI Slides From Last Week’s Presentation Now Available Online
If you missed last Thursday's webinar by the China-Africa Research Initiative (CARI) at Johns Hopkins University about Chinese debt relief in Africa, the slides used in the presentation are now available online. Since CARI's data and analysis on the Chinese debt ...
Ed Cropley: China is Caught in a Zambia Debt Trap
Contrary to widespread perception, Zambia is not ensnared in any kind of Chinese debt trap, argues Reuters Breakingviews columnist Ed Cropley in a recent op-ed video published on the news agency's YouTube channel. Quite the opposite, in fact. If anyone's caught ...
Debt Trap? What Debt Trap? Nigeria Doesn’t Borrow Anywhere Near Enough From China to be Caught in a Trap Says Government
Amid all of the talk of Chinese debt traps and moves by Nigerian legislators to review the past 20 years of loan contracts with China, the country's Debt Management Office (DMO) in Abuja wants to clarify a few things. The DMO on Friday published a short statement ...
The Chinese Approach to Debt Relief is Very Different Than That of Legacy Donors. A New Report Explains Why.
A trio of researchers at the China-Africa Research Initiative at Johns Hopkins University in Washington, D.C. has published a new working paper that provides some badly-need context about yesterday's announcement by Chinese President Xi Jinping to cancel a small segment of Beijing's loan ...
While the Federal Government Moves to Borrow More Money From China, Nigeria’s House of Representatives Sounds the Alarm
While Nigerian President Muhammadu Buhari and his cabinet appear increasingly determined to borrow more from China to fund infrastructure projects, even amid the current economic crisis, critics in the House of Representatives are expressing alarm over the lack transparency in the Chinese loans.
Georgetown’s Ken Ochieng’ Opalo is the Latest Scholar to Discredit the “Chinese Debt Trap” Theory in Africa
Georgetown University Assistant Professor Ken Ochieng’ Opalo published a blog post on his personal site this weekend that aimed to debunk the widely-held perception in Washington that China is engaging in a form of "debt-trap diplomacy" in Africa.
Even Though It’s Been Repeatedly Proven False, U.S. Politicians Just Love That Chinese “Debt Trap” Theory
Gyude Moore has clearly had enough of U.S. politicians promoting the debunked Chinese "debt trap" theory in Africa. The former Liberian public works minister and now a senior policy fellow at the Center for Global Development in Washington, ...
How is China Going to Handle Debt Relief in Africa?
With economic conditions across Africa rapidly deteriorating, leaders across the continent are escalating their calls for the international community to provide emergency debt relief. Until this week, though, those appeals have been broadly targeted, not singling out any particular country ...
Are African Governments Naive to Take on so Much Chinese Infrastructure Debt?
China, according to the prevailing "debt trap" narrative, is preying on vulnerable developing countries by loading them up with unsustainable amounts of debt that jeopardizes their sovereignty. When these countries inevitably default on the loans, according to the theory, China ...
3 Reasons Why the “China Debt Trap” Meme is Flawed
The "debt trap" meme lives. It just keeps going and going and going. It doesn't seem to matter to China's critics that there isn't actually any evidence to support the assertion that China is using massive, unsustainable loans to poor developing countries in a bid to seize ...
How China Finances All That Infrastructure Construction in Africa is Starting to Change. Here’s How.
For several years now, as debt levels in a number of African countries have risen to alarming heights, Chinese and African officials have reportedly been looking for new ways to evolve the traditional resource-for-infrastructure (RFI) deals that critics on both sides of this relationship contend saddles African ...