Posted by: APO | 1 August 2018

Will Djibouti Become Latest Country to Fall Into China’s Debt Trap?

Djibouti lies more than 2,500 miles from Sri Lanka but the East African country faces a predicament similar to what its peer across the sea confronted last year: It has borrowed more money from China than it can pay back. In both countries, the money went to infrastructure projects under the aegis of China’s Belt and Road Initiative. Sri Lanka racked up more than $8 billion worth of debt to Chinese… Read more on https://africa-newsroom.com/press/will-djibouti-become-latest-country-to-fall-into-chinas-debt-trap?lang=en


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