Friday, August 2, 2019

China's Overseas Lending

The Kiel Institute for the World Economy published a working paper in June 2019 titled "China's Overseas Lending" by Sebastian Horn and Christoph Trebesch of the Kiel Institute and Carmen Reinhart of Harvard University.

Although the report discusses China's global lending, there are numerous references to countries in Africa. It offers a comprehensive picture of China's official credit flows and looks particularly at "hidden debt" to China by countries such as Zimbabwe. Hidden debt is debt that neither the World Bank nor the International Monetary Fund has any data on as a result of China's lack of transparency.