BRI & Africa – No China ‘debt trap’ in Africa says the IMF.
Video link: vibby.com/v/XJZNWnu_Tye
In a recent report the International Monetary Fund (IMF) indicated that while economic ties between sub-Saharan Africa and China have grown significantly in the last two decades, China’s share in the region’s overall sovereign debt remains relatively small at approximately six percent.
The IMF said that the sub-Saharan Africa region’s debt distress stems mainly from domestic sources and not from debt to China.
According to its October 2023 Regional Economic Outlook titled At a Crossroads: Sub-Saharan Africa’s Economic Relations with China, the IMF said there is no correlation between the rise in bilateral trade and lending disbursements between China and countries in sub-Saharan Africa.
- VIDEO: Dongsheng News from China, 5 Nov 2023. https://www.vibby.com/v/XJZNWnu_Tye
- The Citizen (Tanzania), Oct 27, 2023. https://www.thecitizen.co.tz/…/why-china-is-not-cause…