CovertAction Bulletin

The Truth Behind the Africa-China ‘Debt Trap’ Myth

August 31, 2022

Allegations and accusations that China is trapping Africa into unsustainable debt agreements have dominated the conversation around Africa-China relations in Western media, but what does the data tell us?

 

The reality is that China is canceling 23 loans to African countries amid this 'Debt Trap' debate.

 

We look at the international implications of this claim, what debt trap diplomacy is, and who owns most of Africa's external debts. Featuring Sri Lanka, the African Development Bank, and the “secret” lenders they don’t tell us about, with Mikaela Nhondo Erskog researcher at TriContinental Institute for Social Research and one of the hosts of the new podcast The Crane, an African China podcast by the Dongsheng Collective.

 

Plus: we discuss Mikhail Gorbachev’s legacy, what to make of Biden’s student loan debt moves, Lindsey Graham’s threats of “riots in the streets” if Trump is prosecuted, and more.

 

Dongsheng News can be found at https://dongshengnews.org/en/

The Crane: An Africa-China Podcast is available at https://podcasts.apple.com/us/podcast/the-crane-an-africa-china-podcast/id1635151634 as well as on Spotify and wherever podcasts are found.

Follow Dongsheng News on Twitter: https://twitter.com/DongshengNews

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