Tag Archives: Sub-Saharan Africa

China takes ownership of Covid Africa through Debt

Ghebreyesus is China's man Herland Report, CNN

  Herland Report: Since the 2008 global financial crisis, China has steadily increased its direct lending to developing countries – often with draconian conditions attached. Debt moratoria during the pandemic, while important, will not solve this problem. The pandemic is confronting highly indebted poor countries with a fateful dilemma. As Ethiopian Prime Minister Abiy Ahmed, a Nobel Peace Prize laureate, lamented last April, …

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