Tagged: Debt Trap

China’s Scramble for Africa

Introduction Economic relations between China and Africa date back to the 7th Century. China seeks resources from Africa for its growing consumption domestically while African Countries get funds from China to build infrastructure. China...

India & Mongolia: Across the Chinese dragon

The year 2019 marked the 64th anniversary of the establishment of diplomatic ties between India and Mongolia. [i] President Khaltmaagiin Battulga of Mongolia began his five-day State visit on 19th September, the first in...

IMF warns Nigeria about Chinese debt

The IMF has urged Nigeria to curb its large appetite for Chinese loans as the country struggles with a €70 billion debt burden. That’s up from €62 billion in 2017, representing a year-on-year growth...