Monday, February 22, 2021

China, Africa, and Debt Trap Diplomacy

 The South China Morning Post published on 21 February 2021 an article titled "'Debt-trap Diplomacy' a Myth: No Evidence China Pushes Poor Nations to Seize Their Assets, Says Academic" by Jevans Nyabiage.  

While there is no evidence of China exercising debt trap diplomacy in Africa, Beijing does hold about 20 percent of the external debt of African countries and recently raised the possibility of debt-for-equity swaps.