The global south would argue that there’s been nothing benevolent about pax americana.
Zambia defaulted during the pandemic.
Ethiopia defaulted in 2023.
Ghana suspended payments on most external debt to try and make the Chinese debt payments in 2022/2023.
Pakistan just keeps rolling those loans into other loans so it won't default.
Loas got so bad China now owns their power grid.
Suriname defaulted in 2020.
Kenya stopped paying govt workers for awhile to make their loan payments.
"Recent reports from the Lowy Institute and the World Bank indicate that 75 of the world's poorest countries face a record high of approximately $35 billion in debt repayments to China in 2025 alone."
2026 will see more countries default to be pressed into extreme measures to make the payments.