The triennial forum has resulted in a pledge of funding worth $50.000 billion, a smaller amount than in previous editions: this is due, in part, to the continent's growing debts to China and other creditors have caused a shift towards smaller projects.
The infrastructure boom on the continent during the second decade of the millennium, of which China was the main promoter, has led several African governments to have solvency problems in the following years. China's loans to Africa The debt levels reached their historical maximum in 2016, when they reached $30.000 billion. However, at this summit, issues related to debt refinancing or the renegotiation processes in force in the country were not discussed. Zambia or Ghana.
Beijing also took the opportunity to stress the importance of the continent in its foreign policy, at a time when relations between Western partners and African countries are going through one of their worst moments.
Source: CESCE
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