Oxford scholar: Africa's creditors are mainly in the West
Share - WeChat
Harry Verhoeven, founder of the Oxford University China-Africa Network, said Chinese creditors have helped African countries pursue various economic priorities, including the building of dams, hospitals, roads, railways, seaports, and much else. The debt trap narrative has been very unhelpful.
He noted that the section of African debt that has expanded the most, particularly in the last 15 years, is indebtedness to private bondholders who are mainly based in the West.
It is therefore wrong to blame one country or one institution for Africa's debt problems.
Today's Top News
- China bids to cement Cambodian-Thai truce
- Fiscal policy for 2026 to be more proactive
- Revised law to spur high-level opening-up
- High-speed rail mirror of China's modernization
- China will deliver humanitarian aid to Cambodia
- The US 2025: a year of deep division
Editor's picks




























