An overloaded vehicle demonstrating Africa’s debt burden. Photo credit: africanexponent.com
Africa's biggest lender, China, has come under fire for forcing bad deals on developing nations.
However, recent research by Oxford and Columbia Universities found that
private Western creditors bear the majority of Africa's external debt rather
than the People's Republic of China. The investigation was conducted in the
midst of global accusations against Beijing for allegedly entangling Africa in
debt.