As countries lose vital foreign aid from the UK and US, some fear governments could turn to China to seek funding packages saddled with unsustainable debts. Alicja Hagopian reports
The UK and US have significantly reduced their foreign aid budgets, particularly impacting regions like Africa. This reduction creates a funding gap that China may fill, as it has been expanding its aid and investments, especially through the Belt and Road Initiative. Unlike traditional aid, China often provides loans, raising concerns about debt sustainability for recipient countries. This shift could enhance China's influence and present long-term challenges for nations reliant on foreign aid.
