Mounting Debt: Sao Tome Dogdes Chinese Loans,Opts for Private Sector Financing
The new São Tomé deepwater port was to be the signature project of the reestablishment of relations between China and São Tomé and Príncipe. But the country’s debt level currently advises against the large-scale state-to-state financing initially forecast. After two years of negotiations, the project’s cost appears to have dropped, from an initial US$800 million to […]
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