A case study of how it has played out is in Zambia, a landlocked country of 20 million people in southern Africa that over the past two decades has borrowed billions of dollars fro… See more

The Chinese Ministry of Foreign Affairs, in a statement to the AP, disputed the notion that China is an unforgiving lender and echoed previous statements putting the blame on t… See more

Much of the credit for dragging China’s hidden debt into the light goes to Parks, who over the past decade has had to contend with all manner of roadblocks, obfuscation… See more

As Parks dug into the details of the loans, he found something alarming: Clauses mandating that borrowing countries deposit U.S. dollars or other foreign currency in secret escr… See more