I heard on many occasions the political commentators from countries like US, India, Australia etc. accusing China of predatory investment practices called the Debt Trap Diplomacy.
One solution to this practice could be to discourage poor/underdeveloped/developing countries by giving them more options. Poor countries can either go to WB/IMF, invite private companies, or go to China.
The problem with WB/IMF is they put a lot of clauses/conditions which are on most occasions hard to implement for countries with weaker economies/infrastructures. Also, they require a lot of lobbying to the donor countries. Another problem is countries that are criticizing Chinese loans, mostly offer investments by private companies. Those companies prefer risk-free environments. As a result, countries which are, say, wartorn or have poorer infrastructures can't get those investments. These are the reasons why Chinese loans became so popular.
Why don't the USA (and like-minded countries) invest around the world as China does rather than only criticizing China, so that poor countries can have more options?