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Last update: June 28, 2023

DIW criticizes debt policy in Africa

According to the German Institute for Economic Research (DIW), Chinese loans in Africa are relatively expensive and conflict with the interests of the debtors. Moreover, they often went to resource-rich countries with a low degree of democratization, as the DIW shows in a new study. "Chinese lending to African countries is thus in competition with Western development policy," concludes author Lorenz Meister.
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