Is a China that refuses to cancel all of Africa’s debt a true friend in good faith?
If China refused to convert the debt owed to it by African nations into grants, it would amount to a strategic error of judgment of gigantic proportions – for it will lose its goodwill across Africa: goodwill that would have been assured, by her, if he had turned out to be a true African friend, at the time of the continent in need of it.
In such a situation, Africa should instead look to Japan, as a long-term strategic partner in good faith, to replace China, in the desire to create a prosperous free trade area for the benefit of all. demographics, across the continent.
When it mattered most, even the exploiting West clearly understood that it was in its own long-term interests to help the continent’s heavily indebted nations, to enable them to get back on the path to growth, economically, to boost their GDP, and thus increase the standard of living of ordinary people, across the continent. The Heavily Indebted Poor Countries (HIPC) Initiative in 2018 by the International Monetary Fund and the World Bank is the result.
If China is to be remembered by posterity, as a clenched-fisted shylock lender, always insisting on its pound of flesh, which did not care about high-level ruinous corruption and never condemn gross human rights violations man, African leaders are their business. However, such a ruthless nation can never be a true bona fide friend of ordinary Africans. Never. Period.