A recent warning by the IMF about rising debt levels in low-income countries has raised questions about the extent to which debt distress is due to lending by China.
The growing debt burden is particularly onerous in Africa. But while China’s contribution to that debt is an important issue, it should not be the main focus of policymakers’ concern.
There are many reasons to be worried about African debt. It will curtail already depressed growth. It will have a chilling impact on job creation and may lead to a renewed rise in conflict across the continent. It could increase the already substantial migration into Europe and would jeopardise achievement of the UN’s sustainable development goals.
您已阅读19%（702字），剩余81%（3062字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。