Figure 3: Projected Debt Service in DSSI-Eligible African Countries, 2020-2024. Graphic by CARI using World Bank data.
Figure 3: Projected Debt Service in DSSI-Eligible African Countries, 2020-2024. Graphic by CARI using World Bank data.

August 28, 2020

The author, W Gyude Moore, a senior policy fellow at the Center for Global Development, and a former minister of public works in Liberia, makes some insightful observations about the difference between the US and China in their economic strategy for Africa. China’s investment in infrastructure in Africa is unsurpassed and would not be replaced by the West, if China withdrew from Africa.

Excerpts below:

“It is, thus, frustrating that in its complicated, enmeshed, centuries-long history in Africa, there has never been a Western proposal for continental-scale infrastructure building. Outside Cecil John Rhodes’s racist “civilising” project of connecting Cape to Cairo from the 1870s, there has never been any programme, backed by financial resources, to build Africa’s rail, roads, ports, water-filtration plants, or power stations. It was the Chinese who sought to build a road, rail and maritime infrastructure network to link Africa’s economies with the rest of the world.

“The Western argument of Chinese debt-trap diplomacy, inferior loan terms and an insidious, covert campaign to seize African national infrastructure assets rings hollow in the absence of a like-for-like Western alternative. Until the arrival of the Chinese, the infrastructure construction space in Africa was dominated by Europeans…

“In the past eight months, Western countries have spent more than $5- trillion to prop up their economies in response to the Covid-19 pandemic. JP Morgan projects that over 14 years (2013 to 2027), China’s Belt and Road Initiative (BRI) will cost about $1.2-trillion to $1.3-trillion. That kind of gap (both in dollars and time) makes it clear that, if it wanted to, the West could equal or surpass China’s BRI with its own infrastructure programme. If Africa steps away from China’s infrastructure programme, which Western country is ready and willing to fill the gap?”

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China, the World Bank, and African Debt: A War of Words
Deborah Brautigam, Director of the SAIS China Africa Research Initiative, discusses in her article below, the duplicity of the World Bank, in their attacks on the China Development Bank. If the US and Western Institutions would cease attacking China, stopped peddling lies about the “Africa debt–trap” and joined China’s Belt and Road Initiative, Africa’s huge infrastructure deficit could be addressed to the benefit of all Africans.

Read: https://thediplomat.com/2020/08/china-the-world-bank-and-african-debt-a-war-of-words/

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Lawrence Freeman is an outspoken opponent of the current policies of neo-colonialism. He is a highly respected researcher, writer, and speaker on a variety of topics concerning Africa. An outspoken critic of the ICC attacks on African countries, Freeman led a delegation of American State Legislators to Sudan, who subsequently exposed the charges that the Khartoum government was engaged in slavery as fraudulent. Insisting that Africa no longer be forced to live in a dark age, he has consistently brought African governments a roadmap for transformative infrastructure projects. As the author of dozens of articles and reports on Africa, having traveled to the continent 25 times, Freeman served as a member of AFRICOM’s Advisory Committee under U.S. General Kip Ward. Most recently, he was appointed Vice Chairman of the Lake Chad Basin Scientific Committee and is currently working on a project to replenish the shrinking Lake Chad. Presently, he is teaching courses on the history of Africa, utilizing his decades of experience and knowledge.

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