Debt Trap

CovertAction Bulletin: The Truth Behind the Africa-China ‘Debt Trap’ Myth

Allegations and accusations that China is trapping Africa into unsustainable debt agreements have dominated the conversation around Africa-China relations in Western media, but what does the data tell us? The reality is that China is canceling 23 loans to African countries amid this 'Debt Trap' debate. We look at the international implications of this claim, what debt trap diplomacy is, and who owns most of Africa's external debts.