It is quite entertaining to see the West screaming Africa is a victim of Chinese debt trap. I didn't know that the West were so fond of Africa and are worried to death about them ...
To associate the expression "debt trap" continuously with China is inexcusable, it is discriminatory. If we delve into the socalled debts of all countries it would show why it is still happening.
It is a known fact that China has been "helping " many African countries for decades especially when they were in need. We all tend to reciprocate likewise. I don't understand the negative feelings and attitudes attitudes of those countries mentioned by the speakers.
What negative attitudes are you referring to? We literally spent the last part of the program blasting supporters of the debt trap narrative. The guests use data to set the story straight regarding Chinese lending practices in Africa. I'm just baffled by what you could possibly find "negative" in this discussion that was driven by the findings of the data. - Eric
31:18 One of the people at the Bruegel Institute won't be happy to hear that comment about bondholders and multilateral banks versus China. Another informative interview and discussion team.
HAHA! I don't get the sense that the folks at the Bruegel Institute listen to our show anymore after they spoke with me earlier this summer on their podcast. LOL! We do really appreciate that you take the time to listen and find the show to be informative - Eric
Both sides are wrong, because they assumed risk to lend to countries not known for not handling debt well. Meaning being able retire debt. Or keeping debt at a manageable level, the debtor has responsibility for not assuming debt beyond their means.
When China recovers from its current great depression, it should offer to pay off key African states' ext. sovereign debt in exchange for all future ext. debt for 20 yrs being issued by China.
Egypt and Ethiopia are highly debted countries which are struggling to pay back thier IMF and commercial loans are included to BRICS merely because of both are most populated countries in Africa to facilitate market for Chinese products not because of thier economies are stronger enough to contribute to BRICS bank. Egypt and Ethiopia are not highly mineral and energy capacity like Angola, Nigeria, Congo etc to collateral thier natural resources to get loans from China or BRICS. China campaigned vetoedu for Egypt and Ethiopa membership to BRICS which is so risky due to mismanagrment of fund these two African states have.
Read more: www.bu.edu/gdp/2024/08/21/relative-risk-and-the-rate-of-return-chinese-loans-to-africa-database-2000-2023/
For the laymen listening, exactly what information does the US want transparent?
It is quite entertaining to see the West screaming Africa is a victim of Chinese debt trap. I didn't know that the West were so fond of Africa and are worried to death about them ...
America doesn’t like Chinese and doesn’t like Muslims. But it loves Chinese Muslims.
Every American accusation of Chinese sins is a self reflection.
Goebbels favourite phrase was "always accuse others of what you are doing first "
Precisely smh
Love this podcast channel!
This is an excellent show and a very important window into these issues for us from the west
To associate the expression "debt trap" continuously with China is inexcusable, it is discriminatory. If we delve into the socalled debts of all countries it would show why it is still happening.
It is a known fact that China has been "helping " many African countries for decades especially when they were in need. We all tend to reciprocate likewise. I don't understand the negative feelings and attitudes attitudes of those countries mentioned by the speakers.
Even when China itself was relatively poor & struggling, it leant a hand where &when it could.
What negative attitudes are you referring to? We literally spent the last part of the program blasting supporters of the debt trap narrative. The guests use data to set the story straight regarding Chinese lending practices in Africa. I'm just baffled by what you could possibly find "negative" in this discussion that was driven by the findings of the data. - Eric
Bully’s Jealousy Complex
31:18 One of the people at the Bruegel Institute won't be happy to hear that comment about bondholders and multilateral banks versus China.
Another informative interview and discussion team.
HAHA! I don't get the sense that the folks at the Bruegel Institute listen to our show anymore after they spoke with me earlier this summer on their podcast. LOL! We do really appreciate that you take the time to listen and find the show to be informative - Eric
Both sides are wrong, because they assumed risk to lend to countries not known for not handling debt well. Meaning being able retire debt. Or keeping debt at a manageable level, the debtor has responsibility for not assuming debt beyond their means.
American forcus on your drugs n guns business lol
When China recovers from its current great depression, it should offer to pay off key African states' ext. sovereign debt in exchange for all future ext. debt for 20 yrs being issued by China.
Egypt and Ethiopia are highly debted countries which are struggling to pay back thier IMF and commercial loans are included to BRICS merely because of both are most populated countries in Africa to facilitate market for Chinese products not because of thier economies are stronger enough to contribute to BRICS bank.
Egypt and Ethiopia are not highly mineral and energy capacity like Angola, Nigeria, Congo etc to collateral thier natural resources to get loans from China or BRICS.
China campaigned vetoedu for Egypt and Ethiopa membership to BRICS which is so risky due to mismanagrment of fund these two African states have.