000			01816cam a2200205 4500
100	1		_aLIPPOLIS Nicolas
700			_aVERHOEVEN Harry
245			_aPolitics by default: _bChina and the global governance of African debt/ _cNicolas Lippolis & Harry Verhoeven
260			_c2022
520			_aIn the last two decades, the rapid growth of many African economies has coincided with deepening commercial and political ties with China and a re-emergence of perilous indebtedness. US administrations have warned that Beijing is ensnarling Africa in debt to gain political leverage and force African states to cede strategic assets to China. The charge that China is uniquely responsible for Africa's heavy debt is also shaping the flagship debt initiatives of the World Bank and the IMF. An analysis of the theoretical assumptions underpinning the 'debt-trap' narrative and the empirical evidence indicates that the preoccupation with China's role is misguided, and is in fact rendering it harder to service and relieve African debt. Furthermore, framing the African debt problem in terms of great-power rivalry obscures structural features of the international financial system that are far more consequential in shaping the liquidity and solvency of African states.
650			_aAFRICA _zCHINA
650			_aCOMMON FRAMEWORK FOR DEBT TREATMENTS _xDEBT-TRAP DIPLOMACY
650			_aDEBT SERVICE SUSPENSION INITIATIVE _xFOREIGN DIRECT INVESTMENT
650			_aINTERNATIONAL MONETARY FUND (IMF) _xPRIVATE LENDING
650			_aSTRUCTURAL ADJUSTMENT _xWORLD BANK
773			_aSurvival: _gVol.64, No.3, June-July 2022, pp.153-178 (106)
598			_aPOLITICS, CHINA, AFRICA, DIPLOMACY
856			_uhttps://www.tandfonline.com/doi/full/10.1080/00396338.2022.2078054 _zClick here for full text
945			_i69097.1001 _rY _sY
999			_c42192 _d42192