There are a lot of articles on it. Here is one. It does also blame African leaders along with Chi-na's debt-trap loan policies.
For the purpose of clarification African countries owe China a cumulative debt in excess of $60 billion with the leading debtor countries ranking as follows: Angola $25 billion, Ethiopia $13.5 billion, Zambia $7.4 billion, Congo $7.3 billion and North Sudan $6.4 billion. Nigeria’s current debt to China has been a matter of considerable interest both within the country and beyond. The country’s Debt Management Office (DMO), places the total figure Nigeria’s current indebtedness to China at below $4 billion but many Nigerians are willing to swear that the figure is not accurate, out of consideration of the high level of secrecy and official corruption which drive the country’s fiscal regime.
Read more: https://www.dailytrust.com.ng/china-...an-escape.html
ΜOΛΩΝ ΛΑΒΕ
Any articles written about China's B&R loans being debt-trap loans are just part of Ameri-ca's new anti- China drive . Loans are not a trap , unless they are set up to be unpayable or perpetual . Belt & Road loans are purely to finance infrastructure in countries to improve trade and lift the GDP of the countries , and the global economy.........the beneficiaries of B&R loans are the country's economy and the people......the beneficiaries of IMF/World Bank loans are the countries elite (at the expense of the people) , and private corporations (usually from the US) . The usual precursor to IMF/World Bank Loans is usually a regime change operation (if required) to install an accommodating leader .
Last edited by PJL; 07-13-2020 at 09:46 AM.
I dont think I have ever seen a bigger suck up to a nation thats attacking a persons own nation like china is Australia you must be one of the biggest traitors in Australian history. seriously you call your self a man and claim Australia is the greatest yet suck up to china like there was a prize inside