Marvel Review of the United States Creating a "Debt Trap" Lie: "Reversing Black and White" Developing Countries | Debt | Lie
Comic author: Ma Hongliang
Recently, some Western media have once again hyped up the so-called "debt trap theory", attempting to shift the debt problems of some developing countries to China.
This is undoubtedly a blatant lie and another splash of dirty water on China. Since the "the Belt and Road" initiative was put forward ten years ago, cooperation in various fields has yielded fruitful results, bringing tangible benefits to people of all countries. The 2023 Africa Macroeconomic Performance and Outlook Report released by the African Development Bank in January this year pointed out that China's contribution to debt relief under the G20 debt relief initiative framework has exceeded the total of G7 countries. According to a study by the Central African Institute at Johns Hopkins University in the United States, China contributes up to 63% of its deferred debt quota.
![Marvel Review of the United States Creating a "Debt Trap" Lie: "Reversing Black and White" Developing Countries | Debt | Lie](https://a5qu.com/upload/images/5dac06f992aeab91369c94d711cdb5c1.jpg)
In fact, the debt problem of developing countries is closely related to the United States and Western countries. According to World Bank statistics, multilateral financial institutions and commercial creditors hold nearly three-quarters of Africa's overall external debt. The United States is the largest shareholder of the World Bank and the International Monetary Fund, and financial capital from the United States and Europe is the largest commercial creditor of African countries. On the issue of debt, the international community can clearly see who is a reliable partner of developing countries and who is the creator of crises.