The USA and the West could not stomach the fact that the
BRI and AIIB are weakening the influence of the IMF and World Bank with
regard to global infrastructure developments and marginalizing the
control of the USA and the West on countries taking up loans from the
IMF and World Bank, entities that are under their total control. That
control by using the IMF and World Bank can be said to be a modern
version of imperialism using financial strangulation.
Much has
been said regarding the BRI debt trap narrative, generated to demonize
China's efforts to help poor countries to progress. Africans have been
telling the West that China's loans have infrastructures constructed to
show off and economic benefits reaped.
That is counter to what
the West had offered in loans just to keep them under debt traps and
mired in poverty perpetually. Decades of Western Imperialism in Africa
sees little progress except the installation of Dictators beholden to
the West and helping the West to continue its plundering of Africa's
resources.
Many African countries are still under Western
Imperial rule but are now shaking off their shackles. And many Pacific
Islands are doing the same, fighting to free themselves from the yolk of
imperialism. They wanted progress, not military help when no threats
are evident.
Anonymous