BRI: #ChinaDebtTrap |
CCP's 🇨🇳 Belt and Road Initiative has left scores of lower- and middle-income countries saddled with “hidden debts” totalling $385bn: Research
CCP's 🇨🇳 Belt and Road Initiative has left scores of lower- and middle-income countries saddled with “hidden debts” totalling $385bn: Research
The findings are part of a new report published by AidData, an international development research lab based at the College of William & Mary in Virginia.
It has analysed more than 13,000 aid- and debt-financed projects worth more than $843bn across 165 countries, over 18 years to the end of 2017.
More than 40 lower- and middle-income countries (LMIC) now have levels of debt exposure to China higher than 10 per cent of their national gross domestic product, AidData estimated.
And the average LMIC government is under-reporting repayment obligations to #China by an equivalent of nearly 6 per cent of GDP.
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