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this post was submitted on 05 Sep 2024
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askchapo
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https://data.one.org/topics/african-debt/
Bruh I'm a bit dim, I can't parse this info all that well (although thank you for the link)
private bondholders (your local vulture funds) hold 180 bln, while china holds 65 billion (85 together with private chinese banks or around 14 percent of the total). Thats all ignoring imf and others
So saying its chinese debt trap is like saying your credit card is sinking you while you have mortgage.
Ah, thank you
Oh look at that, the debt Africa owes China is like 10% and even that share has leveled off, if not slowly decreasing.