Podcast - An insider's view on China's debt in Africa
An Insider’s View of the China-Africa “Debt Trap” Debate
Stream An Insider’s View of the China-Africa “Debt Trap” Debate by The China Africa Project from desktop or your mobile device
Eric Olander and Kobus van Staden of The China Africa Project (and Podcast) hosted W. Gyude Moore, Liberia’s former Minister of Public Works, who is currently a visiting fellow at the Center for Global Development. In his position as Minister in Liberia, Gyude was involved first hand in acquiring debt from China. His insights give on Chinese involvement are somewhat of an eye-opener, as he lists advantages i'd never heard before. They also discuss FOCAC, the Forum on China-Africa Cooperation, which is to be held later this year. Gyude discusses how he thinks the African leaders should approach this forum to get a successful result.
W. Gyude Moore, Liberia’s former Minister of Public Works, recognizes that African countries are taking a huge risk by piling on ever-larger amounts of Chinese debt, but he thinks it’s worth it if the new roads, bridges and industrial parks can help spark economic growth needed to employ the continent’s bulging population of young people.