If you think Chinese investment into African countries is anything like the colonialism and neocolonialism of Western nations, you have no video what you’re talking about
Both the International Monetary Fund (IMF) and World Bank have been accused of predatory lending practices to keep emerging economies in debt, including: demanding structural adjustment programmes as a condition for loans, often to governments who see these loans as a last resort,[63][64][65] pressuring for privatization and exerting undue influence over central banks.[66][67][68][69] The founder of the activist network Committee for the Abolition of Illegitimate Debt wrote: “The World Bank and the IMF have systematically made loans to states as a means of influencing their policies.”[70] [better source needed] The IMF has used geopolitical considerations, rather than exclusively economic conditions, to decide which countries received loans.[71]
username_1@programming.dev 5 days ago
You may not like it, but it is a reality. Why else is there so much talks about decreasing help from the US and UK? Because Africa needs that help.
Keeponstalin@lemmy.world 5 days ago
Western countries are the reason Africa has been over exploited for over a century
username_1@programming.dev 5 days ago
Now it’s China’s turn, apparently.
Keeponstalin@lemmy.world 5 days ago
If you think Chinese investment into African countries is anything like the colonialism and neocolonialism of Western nations, you have no video what you’re talking about
Demystifying Chinese Overseas Lending and Development Finance. - BU
The Chinese Debt Trap Is a Myth: The Narrative Wrongfully Portrays Both Beijing and the Developing Countries It Deals With. - HBU
Meanwhile, even accusation is a confession
en.wikipedia.org/wiki/Debt-trap_diplomacy