Oxford scholar: Africa's creditors are mainly in the West
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
- Consumers unlock new potential
- Vucic praises China's rapid transformation
- Innovative response to choke-point chip tech: China Daily editorial
- Closer Pakistan-China ties for a shared future
- Xizang's journey from chains of feudalism to gains of freedom
- US forces strike Iranian missile launch sites, mine-laying boats
Editor's picks




























