Chinese commodity-backed loans crippling Africa and Latin America -report

Latin American and sub-Saharan African countries have taken out at least $152 billion in oil-, mineral- and metal-backed loans from China since 2004, easy money that has contributed to crippling debt levels, an NGO report said on Thursday. https://www.nasdaq.com/articles/chinese-commodity-backed-loans-crippling-africa-and-latin-america-report-2020-02-26