No China debt trap in Africa – IMF

BRI & Africa – No China ‘debt trap’ in Africa says the IMF.
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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.

Watch video for more…. There is no Chinese “debt trap” in Sub-Saharan Africa, according to the IMF, (Dongsheng News on China No. 170, 4 November 2023)