As Yellen woos Africa, sceptics ask: 'Is the US here to stay?'
As Africa struggles with economic headwinds caused by the Covid-19 pandemic, the war in Ukraine and, notably, Washington's own monetary policy, Africans are asking for proof that the US will stay the course this time.
Chinese trade with Africa is about four times that of the US, and Beijing has also become an important creditor by offering cheaper loans than Western lenders do. However, she said she was encouraged that progress could shortly become possible following her meeting with Chinese officials in Zurich last week.
"We will continue to press for all official bilateral and private-sector creditors to meaningfully participate in debt relief for Zambia, especially China," she said.
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