China makes visible progress in relieving debt crisis in Africa: Ethiopian expert

STORY: China makes visible progress in relieving debt crisis in Africa: Ethiopian expert DATELINE: July 26, 2022 LENGTH: 00:02:45 LOCATION: Addis Ababa CATEGORY: POLITICS/ECONOMY SHOTLIST: various of street view in Africavarious of infrastructure in AfricaSOUNDBITE (English): ADEM FETO, Researcher and lecturer at Arsi University in Ethiopia STORYLINE: An Ethiopian expert said that China has made real and visible progress in relieving the debt crisis for African countries, and that Western countries should do the same thing. The UK charity "Debt Justice" recently published a report, saying that African governments owe three times more debt to Western private lenders than to China, and are charged double the interest. SOUNDBITE (English): ADEM FETO, Researcher and lecturer at Arsi University in Ethiopia "Actually, if you look at the total loan, the total debt accumulation in Africa, the Chinese only take like 12 percent or 13 percent of the loan but the Western countries might have 35 percent - three times