Andrew Davenport Quoted in Daily Telegraph

On September 20, RWR COO Andrew Davenport was quoted in the UK’s Daily Telegraph on the motivations for China’s recent move to forgive a portion of outstanding loans in Africa. He told the author, Digby Larner, “Although some recent instances of debt rescheduling and forgiveness by China in Africa involve numbers that are not terribly significant to China’s bottom line, they may be indicators of growing trouble in the model for aid and development that China has been selling to the continent over the past decade.” The article also referenced RWR research, which has found that almost one-third of Belt and Road-related projects, worth $419 billion, have encountered difficulties since 2013 through delays, local opposition and security issues.