Search For "loans to africa"
Updated : 1 day, 4 hours ago IST
Beijing [China], October 3 (ANI): China is falling into its own debt trap as the country's banks have sharply reduced lending to low-income countries under its flagship Belt and Road initiative (BRI) after the crumbled economies of borrowing countries have left the Asian giant with huge pile
Updated : 3 months, 2 weeks ago IST
Beijing [China], June 16 (ANI): Pointing at the serious danger posed by China's lending spree in poorer countries, particularly Africa, German Chancellor Olaf Scholz warned that this could plunge the world into the next financial crisis.
Updated : 3 months, 3 weeks ago IST
Brussels [Belgium], June 9 (ANI): The Chinese loans to Africa tend to decline during times of crisis and the loan commitment dipped in 2020 due to the COVID-19 pandemic.
Updated : 4 months, 3 weeks ago IST
Beijing [China], May 9 (ANI): The Chinese loans in Africa, which are widely seen as extensions of the country's debt-trap diplomacy are being used by the recipient countries not just for infrastructure spending, but also for militarization, with defence companies from China being one of the