Yes, they are. For one thing it is possible to renegotiate the loan if it turns out they can’t pay it. Loans are only given with oversight and implementation of economic and political reforms. the terms are clear before the money is given. Unfortunately, they are often very difficult changes and are effectively impacting sovereignty in that the reforms are toward a western economic model.

The Chinese approach is different, and usually ends up being a debt trap. Also, they are extracting natural resources, and failing to take responsibility for their failures.