Non -Media: The largest debtor in Africa is the West, not China

African Business Insider Website July 11 article, original topic: The new report makes "popular saying" unbelievable, revealing that the debt of African countries owed Western companies three times the new report released by the "debt fair" released by the Loan Loan Research Agency from China Many African countries owe Western banks, petroleum dealers and asset management companies' debts, three times the loans from China. The report also revealed the interest rates charged by these Western companies to African countries to their Chinese peers. These findings have questioned the long -term statement of more debt in African countries owed to China. This kind of statement is an excuse for repeated use of Western leaders to frequently become a term that they do not promise to reorganize African countries' debt.

Data map source Visual China

"Debt Justice" Policy Director Tim Jones said: "The West attributed the African debt crisis to China, but this is the resolution of people. The reality is that their own banks, asset management companies, and oil dealers should be compared ( China) Affordable with greater responsibilities, but the Seventh Kingdom Group (G7) allowed them to be free. During the epidemic, China participated in the initiative of the Twenty Group (G20) to suspend (the poorest country). The lender did not participate -without their participation, it was impossible to form an effective debt solution. "

The report calculates the differences in the debt of African countries that owe the West and China in accordance with the World Bank data, and determine the following content: only 12%of the debt owed in African countries; 35%of the western lender, especially the above -mentioned private companies; these these; these these; these are private companies; these are these private companies; Western loans are charged 5%of interest rates, while China only charges 2.7%; in fact, many African countries owed to China with high public debt with high debt; 24 African countries that use more than 15%of income for debt repayment. 11%paid to the Chinese lender, and the percentage paid to Western lenders was as high as 32%.

The reason why the report was issued before the G20 Treasury Minister's meeting was to some extent to pressure the Western government to urge private lender to participate in the debt reduction and exemption. (Author Emmanuel Abbara Bensen, Ding Yan translated)

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