What does Chinese forgiven debts mean for Africa?

What does Chinese forgiven debts mean for Africa?

0 Anmeldelser
0
Episode
399 of 1142
Længde
15M
Sprog
Engelsk
Format
Kategori
Fakta

Correction: We re-uploaded this episode to clarify the $1.5 trillion mentioned in the conversation was China's global loans, not just to Africa.

At a recent summit attended by African officials, Chinese Foreign Minister Wang Yi announced that China would be forgiving 23 of its loans to 17 African countries.

But it’s worth pointing out that these were debts that were at zero interest.

According to data from the Global Development Policy Center, China has lent Africa as much as $160 billion.

Much of this money has gone into building infrastructure, such as airports, roads and sea ports.

But analysts have raised the alarm, saying there’s a looming debt crisis if the continent continues to borrow this heavily from China.

So amid the ongoing economic crisis sweeping through the world, what does this relationship with China and a large debt profile mean for Africa?

Alan Kasujja has been speaking with Zawadi Mudibo, the BBC Africa Business Editor to make sense of this relationship.


Lyt når som helst, hvor som helst

Nyd den ubegrænsede adgang til tusindvis af spændende e- og lydbøger - helt gratis

  • Lyt og læs så meget du har lyst til
  • Opdag et kæmpe bibliotek fyldt med fortællinger
  • Eksklusive titler + Mofibo Originals
  • Opsig når som helst
Prøv nu
DK - Details page - Device banner - 894x1036
Cover for What does Chinese forgiven debts mean for Africa?

Other podcasts you might like ...