CHINESE LENDING IN AFRICA: A BLESSING OR A TRAP?
In August 2018, a bipartisan group of 16 US senators cited “the dangers of China’s debt-trap diplomacy” stating that “it is imperative that the United States counters China’s attempts to hold other countries financially hostage and force ransoms that further its geostrategic goals.” Is China providing debt to African countries as a means of obtaining valuable geostrategic assets or are they engaging in a mutually beneficial relationship that is in their economic and geostrategic interest? … Continue readingCHINESE LENDING IN AFRICA: A BLESSING OR A TRAP?