All the time, yeah. During 2020 because of covid they froze and forgave billions in debt.
There are concerns that this overreliance on loans may cause another debt crisis like we saw in the 90s (Gyude Moore talks about it for example) but definitely Chinese loans offer much better deals than the IMF in general. Longer repayment terms, lower interest rates, the possibility as well to join the BRI and get some much needed infrastructure built… they would rather be self-reliant, but between the two the question does not even come up.
![[image] Wang Yi, foreign minister of the PRC: "The so-called 'debt trap' is in fact a narrative trap created by forces who do want to see rapid development in Africa."](https://lemmygrad.ml/pictrs/image/e75f6d45-9884-4e8e-9007-b98049e81091.jpeg){kind=link}
All the time, yeah. During 2020 because of covid they froze and forgave billions in debt.
There are concerns that this overreliance on loans may cause another debt crisis like we saw in the 90s (Gyude Moore talks about it for example) but definitely Chinese loans offer much better deals than the IMF in general. Longer repayment terms, lower interest rates, the possibility as well to join the BRI and get some much needed infrastructure built… they would rather be self-reliant, but between the two the question does not even come up.