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No it's starting to get resolved, see recent Zambia debt restructure. The TLDR is western propaganda who owns majority of African debt wants to push PRC debt tr
by dirtyid 3y ago
No it's starting to get resolved, see recent Zambia debt restructure. The TLDR is western propaganda who owns majority of African debt wants to push PRC debt trap narrative to pressure PRC to take haircut losses while they don't. PRC said lol no, and after 2 years, traditional (i.e. IMF) and private lenders, most from west, finally agreed to debt restructuring on their end to.