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

Angola Transparency

By Serafim de Oliveira, Washington D.C

  • Initially published on April 18, 2020.

  – The African sovereign debt crisis surfaced soon after the cold war; repressive and newly created liberal regimes previously aligned with the former Soviet Union or Western bloc were forced to resort to loans from the World Bank, IMF, or other western banking institutions, such as The Paris Club. When they were denied loans , these countries looked East to China, offering enticing aid and loan programs with “no strings attached.” 

A consensus-building process concerning African sovereign debt could explain the severe economic and financial chaos immersing most of the continent.The aim of this literature review is to analyze the rationale underlying corruption and extreme poverty in Africa.

In an attempt to clarify the issues at stake, the following concepts will also be addressed here: debt forgiveness, recurrence of human rights violations vs. public funds mismanagement, media’s role…

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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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