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China’s Resource-Backed Lending Model in Africa Faces Criticism

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New Delhi, March 7 (IANS) China’s long-standing resource-backed lending model in Africa is increasingly coming under criticism from experts and development authorities, according to a new report.The model — which ties loans to future commodity exports such as oil, copper, and cobalt — has been widely used across the continent to finance infrastructure projects, but its sustainability is now being questioned, Daily Monitor said in its report.The African Development Bank (AfDB) has raised conc…