Global EditionASIA 中文双语Français
Media Unlocked | 大白话讲新闻

Oxford scholar: Africa's creditors are mainly in the West

By Meng Zhe, Xu-Pan Yiru, and Ge Xinge | China Daily | Updated: 2024-09-03 23:48
Share
Share - WeChat

Harry Verhoeven, founder of the Oxford University China-Africa Network, said Chinese creditors have helped African countries pursue various economic priorities, including the building of dams, hospitals, roads, railways, seaports, and much else. The debt trap narrative has been very unhelpful.

He noted that the section of African debt that has expanded the most, particularly in the last 15 years, is indebtedness to private bondholders who are mainly based in the West.

It is therefore wrong to blame one country or one institution for Africa's debt problems.

Today's Top News

Editor's picks

Most Viewed

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US