Angola: All the Mysteries of African Debts vs. China’s “no strings attached” strategy

Angola Transparency

By Prof. N’gola Kiluange

Washington D.C - African sovereign debt crisis came mainly to the surface shortly after the cold war, repressive and newly created liberal regimes previously aligned with the former Soviet Union or western blocs were forced to resort to loans from the World Bank, IMF or other western banking institutions, such as The Paris Club. And when they were turned down, all of them simply started looking East for China’s enticing aid and loans programs with “no strings attached.”

A consensus-building process around this issue will greatly help understand theexistence of the serious economic and financial chaos most of the continent is immersed in.Theaim of this literature review is to analyze the rationale behind the position level of corruption vs.extreme poverty in Africa.

As an attempt to clarify the issues at stake, the following conceptswill also be addressed here: debt forgiveness, recurrence of human rights violations vs…

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Author: angolatransparency

-Impulsionar os cidadãos angolanos a questionarem como o erário público é gerido e terem a capacidade de responsabilizar os seus maus gestores de acordo com os princípios estabelecidos na Constituição da República --Boost the Angolan citizens to question how the public money is managed and have the ability to blame their bad managers in accordance with the principles laid down in the Constitution of the Republic-------------- Prof. N'gola Kiluange (Serafim de Oliveira)

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