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Beijing’s Waiver of African Loans Reveals Its Deceptive Nature in Foreign Lending: Experts

Recently, the Chinese Communist Party (CCP) made an attention-grabbing announcement that it plans to waive 23 interest-free loans, made to 17 African countries, and that matured at the end of 2021.
However, experts pointed out that the announcement was made to downplay the economically destructive consequences of the deceptive Belt and Road Initiative (BRI), as the waived loans would, at most, amount to a minuscule portion of Beijing’s loans to African countries, according to research institutes.
The announcement was made by CCP Foreign Minister, Wang Yi, at the Forum on China-Africa Cooperation on Aug. 18. It is noteworthy that he did not specify the total amount of the 23 loans or name the 17 countries involved….

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