Private Western Lenders Create Most of Africa’s Debt Burden: Xinhua + Sri Lanka (1)

By Mathew Carr, plus news summaries July 20-21, 2022 The debt-trap narrative exploited by the West against China “is untrue,” according to Xinhua. African governments owe three times more debt to Western banks, asset managers, and oil traders than to China, and are charged double the interest, the state media group said. Discussion about the … Continue reading Private Western Lenders Create Most of Africa’s Debt Burden: Xinhua + Sri Lanka (1)