African nations refute "debt trap" claims, highlighting China's loan flexibility and Africa's diverse creditor sources.

African nations have dismissed the "debt trap" narrative regarding China, asserting that Chinese lending practices are not the root cause of their debt issues. Experts highlight that Chinese banks are open to restructuring loans, with Kenya's debt primarily owed to multilateral lenders like the World Bank and IMF. China's infrastructure investments have improved connectivity and healthcare across Africa, showcasing a flexible approach to debt relief that contrasts with Western creditors' rigidity.

September 01, 2024
19 Articles