Africa: Why Djibouti’s China debt is raising the alarm

Parag Khanna Euromoney

Euromoney | 7th January 2019

By Chris Wright

Warning sirens are sounding about the level of debt Djibouti owes to China for Belt and Road projects. Parag Khanna, managing partner of FutureMap and author of a new book called The Future is Asian, which includes detailed coverage of BRI, makes another point: “Since when do we look at cross-border infrastructure projects from the standpoint of commercial returns?” he asks. “When in history has that ever played out as a good story? The entire history of infrastructure, cross-border or domestic, is loss leaders.”

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