Tag: predatory lending
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Debunking the U.S.-Led “Chinese Debt Trap” Narrative… Again
Acclaimed China-Africa scholar Deborah Bräutigam together with Harvard Business School professor Meg Rithmire published a detailed takedown in The Atlantic magazine of the U.S.-led "debt trap" narrative that remains a bedrock belief among large swathes of official Washington. The two ...
Paul Kagame: “I Don’t Think China Has Forced Any Country in Africa To Take Their Money”
President Paul Kagame joined former U.S. National Security Advisor for what has become a trademark for the Rwandan leader to be brutally frank with U.S. and European interlocutors about sensitive political issues in Africa, including China's presence on the continent. President ...
Linda Thomas-Greenfield and Washington’s China-Africa Groupthink
This week’s confirmation hearing for Linda Thomas-Greenfield’s to become the next United States ambassador to the United Nations provided a glimpse of how Africa might be dragged into growing tensions between the U.S. and China. Thomas-Greenfield faced hostile questioning about a speech she gave in 2019, ...
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 ...
China Says it Believes in Debt Sustainability, Just Not the Way Everyone Else Does
Countries around the world, particularly in Africa, are taking huge amounts of Chinese debt to build badly-needed infrastructure, but often without a plan on how to repay those loans. That’s given way for critics in the U.S., Europe, and Japan to ...
African Governments Need to Negotiate Better Deals With China. Here's How They Can Do It.
Africa's rising indebtedness to China is prompting concern across the continent that governments need to do a better job negotiating infrastructure financing deals. Too often, critics contend, the Chinese are simply out-maneuvering their African counterparts in the negotiating process.