), some Liberians (namely Samuel Jackson and Chris Neyor) step up and offer to raise $700 million in bilateral and development loan from t6he Brazilian Development Bank. Angola is the top recipient of Chinese loans, with $42.2 billion disbursed over 17 years. After all, other African nations are walking away with much more – but far from the billions Liberia envisages. “Additionally, in 2016 a staggering US$1.7 billion – 50% of all new loans contracted that year – was lent by Chinese sources. For Liberia and the Weah administration, the risks are crucial and a must for its ambitious development agenda.

Source: Front Page Africa September 05, 2018 01:30 UTC