Debt trap policy

Most developing nations have turned to China in recent years for development loans. In 2017, President Xi said that infrastructure connectivity is the backbone of development through cooperation at the belt and road forum. African leaders celebrated his remarks. However, India and the West have been cautious about approving this 'debt trap' policy. The West is critical of these loans and claims that they undermine global norms in debt sustainability and environmental and social safeguards. Therefore, understanding the role of China in development finance will aid in the understanding of whether these loans challenge global norms.