Fair Dinkum
Interesting World Bank statistics here – see film
According to the World Bank, poor and middle income countries have to pay $940 billion dollars in principal and interest repayments in the next 7 years including $356 billion to Western commercial creditors and $273 billion to multilateral institutions which adds up to 67% of the total payments due.
So there is your debt trap, and it ain’t China.
World Bank statistics show that most of the debt of lower and middle income countries is owed to Western financial institutions. If these are World Bank statistics, then it can’t be propaganda for a Chinese government spokesman to tell us since no Westerner will do so.
