Why developing countries should be wary of foreign aid

As part of its Belt and Road Initiative (BRI), China has been offering many countries foreign aid in the guise of loans to build critical infrastructure. Dr. Omar Al Ubaidly discusses the impacts of this policy, noting that initially, most recipient countries were enthusiastic, but with the passage of time, the burden of repaying the debt has led many to question whether accepting the aid in the first place was a good idea…….