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In this exclusive with CMG's Wang Guan, Senegalese President Macky Sall debunks the "debt trap" narrative and tells how Chinese loans with extremely low interest rates and long repayment periods have helped build local infrastructure. "We earn revenue before we even start repaying the loans," Sall reckons, citing the Thiès-Touba expressway. He also points the finger at some countries for giving poor credit ratings that prevent Africa's development due to overpriced insurance premiums. He points out that instead of blaming China, Africa and its partners should work together to ensure the continent's debt is appropriately handled.
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Copyright © 2023 CGTN. 京ICP备16065310号
Disinformation report hotline: 010-85061466