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Zambia's loan options run out as China steps in

Graham Watson

17th December 2019

Just a perfect development story illustrating the rise of China in Africa, and capturing some of the many concerns regarding Chinese involvement in African economies.

This piece, which originally appeared in Le Monde, looks at how China has increasingly inveigled its way into a position of strength in Zambia, financing infrastructure projects and accounting for an increasing amount of the economy's external debt.

Critics argue that this has given China undue influence over the Zambian economy, but the article goes further in highlighting the extent to which other international financial organisations have also been responsible for many of the structural problems facing the Zambian economy.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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