debttrap

The widely debunked Chinese debt trap narrative re-surfaced again in Washington, D.C. when the top U.S. military commander for Africa General Michael Langley testified before Congress -- highlighting the urgent need for better information about Chinese lending practices in developing countries.

In the second of our two-part series this week examining China's role in the burgeoning Global South debt crisis, Eric & Cobus are joined by Shang-Jin Wei, the N. T. Wang professor of Chinese business and economy at Columbia University, and Ishac Diwan, research director at the Finance Development Lab at the Paris School of Economics to discuss Beijing's position in the ongoing negotiations over debt relief for the world's poorest countries.

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While Vice President Kamala Harris worked hard to keep the focus on U.S.-Africa relations during her recent tour of the continent, reporters in the traveling press corps kept bringing up China -- much to the chagrin of her hosts in Ghana, Tanzania, and Zambia.

But unlike previous high-level U.S. visits where African leaders politely side-stepped questions about the U.S.-China rivalry on the continent, this time they went out of their way to challenge the Western narrative about the Chinese presence in their countries.

Francophone Editor Geraud Neema joins Eric & Cobus this week to discuss an unprecedented response by senior African officials in Ghana, Nigeria, DR Congo, and Zambia over the Western "obsession" with China.

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The Chinese debt trap narrative was started based on the purported surrender of the Port of Hambantota in Sri Lanka. When Colombo fell behind in its payments to the China Exim Bank for the loan, the story goes, Beijing seized the port as collateral.

Now, six years later, a pair of Sri Lankan researchers, Umesh Moramudali and Thilina Panduwawala gained access to the original China Exim Bank loan documents for the port and confirmed that the Chinese predatory lending narrative, as it's been told, just isn't true.

The pair join Eric & Cobus to discuss their new report that debunks many of the myths surrounding Chinese lending to Sri Lanka, specifically related to the controversial port.

SHOW NOTES:

• The China-Africa Research Initiative: Evolution of Chinese Lending to Sri Lanka Since the mid-2000s: Separating Myth from Reality by Umesh Moramudali and Thilina Panduwawala: https://bit.ly/3PF1cHr
• The Diplomat: Demystifying China's role in Sri Lanka's debt restructuring by Umesh Moramudali and Thilina Panduwawala: https://bit.ly/3v4r3iH

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Twitter: @ChinaGSProject| @stadenesque | @eric_olander | @UmeshMoramudali | @ThilinaKalhara

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JOIN US ON PATREON!

Become a CAP Patreon member and get all sorts of cool stuff, including our Week in Review report, an invitation to join monthly Zoom calls with Eric & Cobus, and even an awesome new CAP Podcast mug!

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The Chinese debt trap narrative was started based on the purported surrender of the Port of Hambantota in Sri Lanka. When Colombo fell behind in its payments to the China Exim Bank for the loan, the story goes, Beijing seized the port as collateral.

Now, six years later, a pair of Sri Lankan researchers, Umesh Moramudali and Thilina Panduwawala gained access to the original China Exim Bank loan documents for the port and confirmed that the Chinese predatory lending narrative, as it's been told, just isn't true.

The pair join Eric & Cobus to discuss their new report that debunks many of the myths surrounding Chinese lending to Sri Lanka, specifically related to the controversial port.

SHOW NOTES:

• The China-Africa Research Initiative: Evolution of Chinese Lending to Sri Lanka Since the mid-2000s: Separating Myth from Reality by Umesh Moramudali and Thilina Panduwawala: https://bit.ly/3PF1cHr
• The Diplomat: Demystifying China's role in Sri Lanka's debt restructuring by Umesh Moramudali and Thilina Panduwawala: https://bit.ly/3v4r3iH

JOIN THE DISCUSSION:

Twitter: @ChinaGSProject| @stadenesque | @eric_olander | @UmeshMoramudali | @ThilinaKalhara

Facebook: www.facebook.com/ChinaAfricaProject

FOLLOW CAP IN FRENCH AND ARABIC:

Français: www.projetafriquechine.com | @AfrikChine

عربي: www.akhbaralsin-africia.com | @AkhbarAlSinAfr

JOIN US ON PATREON!

Become a CAP Patreon member and get all sorts of cool stuff, including our Week in Review report, an invitation to join monthly Zoom calls with Eric & Cobus, and even an awesome new CAP Podcast mug!

www.patreon.com/chinaafricaproject

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Chinese Foreign Minister Wang Yi is back in Beijing after wrapping up the customary first overseas trip of the year that always begins in Africa. Wang spent almost a week visiting five nations in East Africa and throughout the Indian Ocean where debt, infrastructure and great power rivalry with the U.S. were among the key issues on the agenda.

University of Nairobi political science lecturer Oscar Otele closely followed Wang's tour and joins Eric & Cobus to discuss the key highlights, particularly during the Foreign Minister's stop in Kenya.

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Twitter: @ChinaAfrProject | @stadenesque

JOIN US ON PATREON!

Become a CAP Patreon member and get all sorts of cool stuff including our Week in Review report, invitation to join monthly Zoom calls with Eric & Cobus, and even an awesome new CAP Podcast mug!

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See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode of Africa Aware, Professor Tang Xiaoyang examines Beijing’s vision of China-Africa relations and its approach to debt relief in the context of post-pandemic domestic economic adjustments. Fergus Kell outlines a new Chatham House project on infrastructure-linked debt sustainability in Africa and discusses the recent Forum on China-Africa Cooperation (FOCAC) summit in Dakar, Senegal.