TheAltWorld
Economy
Who’s Responsible for Africa’s Debt Trap: China or the West?
U.S. politicians and corporate media blame China for debt crises in African countries, yet African governments owe three times more debt to private Western lenders than to China. Furthermore, interest rates on Western private loans are almost double those on Chinese loans.
Tim Jones, Head of Policy at Debt Justice in the UK, explains the reality behind the African debt and how the only just way forward is its cancellation.
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