How The World Can Bare Chinese Debt-Traps | Mint Primer

Loans of more than $59 billion from Chinese institutions to projects in Belt and Road Initiative (BRI) countries have been renegotiated since the Covid breakout—an increase of three times in the previous two years. China has eclipsed the World Bank and the International Monetary Fund (IMF) as a source of development credit.

Yet, China is not part of the Paris Club of lenders, or Club de Paris, an informal group of official creditors whose role is to find coordinated and sustainable solutions to the payment difficulties experienced by debtor countries. The Club’s members hesitate to restructure their own loans to troubled developing countries because they worry that the relief they offer would be used to pay off Chinese dues.

In this video, let's discuss what steps we need to take in order to expose Chinese debt traps.

#chinesedebttraps #chinadebts #internationalmonetaryfund #mint

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