China’s vast investment in Africa hits a snag in Congo | The Malaysian Insight

📆 2019/04/28 19:51:00
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China’s vast investment in Africa hits a snag in Congo

China's investment strategy of heavily focusing on developing nations may have hit a snag as the Republic of Congo is seeking an IMF bailout. – EPA pic, April 28, 2019.

CHINA’S investment strategy of throwing money at developing countries appears to have hit a snag in the Republic of Congo as the central African nation is seeking an IMF bailout. While the funding it provided to Congo wasn’t part of the Belt and Road Initiative , which China was promoting this week, it serves as a cautionary tale of the trouble Beijing could face with its plan for massive investments in maritime, road and rail projects across 65 countries from Asia to Europe and Africa.

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China's vast investment in Africa hits a snag in CongoThe central African nation is seeking the International Monetary Fund for help and Beijing is not comfortable with that.
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