Tag: debt

China has loaned Angola an estimated $60 billion dollars since the two countries established diplomatic relations back in 1983, making it one of the top destinations for Chinese financing in Africa. Angola is especially attractive for the Chinese because of its ...

There is a certain irony when a U.S. envoy travels to Africa to warn his hosts about the dangers of borrowing money from China. The United States, after all, is the world’s most indebted country and borrows more from China ...

African countries are once again binging on foreign debt. Across the continent, external debt has risen sharply, by almost 50% since 2010 according to data from the World Bank, to an estimated ...

The financial implosion in Venezuela is prompting growing concern in Beijing that China may have been too ambitious in its drive to loan billions of dollars to high-risk countries throughout the global south. Persistently low oil ...