Chinese bank loans cripple Latin America and Africa, says NGO

Countries in Latin America and sub-Saharan Africa have taken out at least $152bn in oil, mineral and metal-backed loans from China since 2004, money that has contributed to crippling debt levels, according to a report on Thursday by a Washington-based non-governmental organisation.

https://www.aljazeera.com/ajimpact/chinese-bank-loans-cripple-latin-america-africa-ngo-200227040800972.html

Comments are encouraged

This site uses Akismet to reduce spam. Learn how your comment data is processed.