US senate speaks out on China’s ‘debt trap’ (The Star - Kenya)

By Victor Amadala 

From the article: 

Government’s huge borrowing from China may work against the country’s hope to retain IMF’s Sh150 billion precautionary facility that expires on Friday.

US Senate raised concern about high infrastructure debt issued to developing countries by China under the Belt and Road Initiative. It termed Chinese funding as ‘predatory’.

Kenya is among 23 countries at risk of debt distress following heavy lending from China under BRI as stated by World Bank in a study by Centre for Global Development (CGD) released in March this year. 

Read the full article here.