Showing posts by Keyi Tang.
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Debunking the Patient Capital Myth: The Reality of China’s Resource-Backed Lending Practices
›Last year, African Development Bank president Akinwumi Adesina called for the end of resource-backed loans (RBLs) for African countries, calling them “asymmetrical” and “non-transparent.” These loans—where governments pledge future resource revenues in exchange for infrastructure agreements—have been widely used across African countries with Chinese lenders playing a dominant role.