Why the World Bank is a DEBT TRAP for Africa (The Untold Truth) | Christian Kitenge Moembo Kingombe
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Western debt traps are designed to keep Africa “colonised”, warns this economics professor. Dr Kaboub says loans come with strings attached that deliberately push countries further into debt. As a result, they’re at the mercy of creditors and can never achieve full independence. Twenty African countries are at high risk of debt distress, according to the International Monetary Fund. 📹 Lynn Ngugi #economy #finance #colonialism #AfricaUnite #panafricanism #society #neocolonialism #imperialism #af
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“I think this is a fallacy, which is raised by those sides who are not supposed to talk about the ‘debt trap’,” said Rahamtalla M. Osman, African Union Representative to China, adding that most of the debt now Africa is suffering from is not from China. | China Focus
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