Tuesday, January 12, 2021

China and African Debt Repayment

 Panda Paw Dragon Claw posted on 11 January 2021 an analysis titled "Debt Repayment Issues in Highly-indebted BRI Countries: Risks and Opportunities in the New Year" by Christoph Nedopil and Mengdi Yue.  

China has become the world's largest bilateral creditor.  China still lacks a published strategy to deal with the debt issue holistically and together with other creditors.  This analysis identifies ten countries that have become especially vulnerable because they must pay 25 percent to 75 percent of their total debt service to China between 2021 and 2024.  Four of the ten are in Africa: Djibouti, Republic of Congo, Angola, and Comoros.  

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