Tuesday, June 2, 2020

China-Africa Debt and Covid-19

The Diplomat published on 2 June 2020 a conversation titled "COVID-19: The Impact on China-Africa Debt" between Mercy A. Kuo, Pamir Consulting, and Linda Calabrese, Overseas Development Institute in London.

Chinese government, banks and state-owned enterprises are estimated to hold 17 percent to 24 percent of Africa's external debt.  The discussion focuses on China's loans to African countries, and the impact COVID-19 could have on debt payments.  Calabrese suggests that Chinese debt relief will be limited.