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Bondholders a Bigger Worry in Africa Than China Debt Traps – SCMP

China is the continent’s biggest bilateral creditor but most debt is due to private Western holders of African debt, the report says


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Debt-trap diplomacy involves extending loans to countries and taking control of key assets if the debtor defaults on repayments. File photo: AFP.

 

A new study has pointed out that the China debt trap narrative in Africa is a construct of US-China strategic rivalry more than a reflection of realities on the ground, the South China Morning Post reported, citing a study by Harry Verhoeven from the Centre on Global Energy Policy at Columbia University, and Nicolas Lippolis from the department of politics and international relations at the University of Oxford.

China is the continent’s biggest bilateral creditor but most debt is due to private Western holders of African debt, according to the “Politics by Default: China and the Global Governance of African Debt” report, which takes aim at allegations that Beijing engages in ‘debt-trap diplomacy’ in Africa.

Read the full report: The South China Morning Post.

 

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.