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A study by researchers from the World Bank, Harvard Kennedy School, AidData and Kiel Institute for the World Economy shows that China advanced a staggering $240 billion in bailout loans between 2008 and 2021 to 22 developing nations, including Pakistan, Argentina and Mongolia
The rise is linked to payment of principal loan sums by Treasury as they fall due
The report frames Sino-Africa development cooperation describing Entebbe airport loan terms as “aggressive,” and Chinese lending terms as “predatory”
Under the loan from China's Exim Bank to modernise the Entebbe Airport, the Ugandan government is required to channel all revenue from the country's only international airport into an account...
Since its launch in 2013, Chinas Belt and Road Initiative has attracted equal measures of suspicion...