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Tag Archives: debt

[PODCAST] Chinese debt in Africa: how much is too much?

African countries are once again binging on foreign debt. Across the continent, external debt has risen sharply, by almost 50% since 2010 according to data from the World Bank, to an estimated 416 billion dollars. Unlike 20–30 years ago when Africa turned to the west for cash, today China is the creditor of choice. The Chinese are shelling out massive ... Read More »

[AUDIO] The danger of too much Chinese debt in Africa

The financial implosion in Venezuela is prompting growing concern in Beijing that China may have been too ambitious in its drive to loan billions of dollars to high-risk countries throughout the global south. Persistently low oil prices combined with corrupt, incompetent leadership in Caracas have pushed the country to the brink of economic collapse. The dire situation in Venezuela raises ... Read More »