Friday, November 3, 2023

China's Role in African Debt

 South Africa's Institute for Security Studies published on 1 November 2023 a policy brief titled "Africa's Debt Dilemma: China's Role and Implications for Development" by Jana De Kluiver.  

China is not the primary cause of African debt distress, but does raise concerns due to lack of transparency, clauses impacting local industries, and the absence of collective restructuring options in Chinese loan contracts.