China's Debt Cancellation

The Beijing-based consultancy Development Reimagined and the Oxford China Africa Consultancy published on 17 April 2019 a statistical review titled "China: Debt Cancellation."

Countries that received the largest number of debt cancellations from 2000 to 2018 are in Africa. In terms of total value of debt cancellation, however, Cuba, Pakistan and Cambodia head the list. In Africa, Zambia received the most debt cancellation at $259 million followed by Ghana ($246 million), Sudan ($205 million), Rwanda ($176 million) and Zimbabwe ($155 million). Half of the African countries benefiting from debt cancellation had less than $30 million cancelled.