Visual Capitalist published on 11 December 2023 a graphic titled "Developing Countries Receiving the Most Loans from China" by Marcus Lu, Bruno Venditti, and Bhabna Banerjee.
Fourteen of the fifteen Most Highly Indebted Countries (HIPC) with the largest amount of loans from China are in Africa. In order of most loans from China, the countries are Ghana, Guinea, Ethiopia, Tanzania, DRC, Republic of Congo, Mozambique, Sudan, Zambia, Bolivia, Chad, Senegal, Niger, Mali, and Cameroon.
Comment: This list of countries is receiving pushback in some quarters, citing the fact that Angola, which has more Chinese loans than any other African country, is absent from the list and the loan figure for Ghana appears to be excessively high. While the amount of money China has loaned to Ghana does look to be much too high, Angola is excluded because it is NOT a highly indebted poor country. It is oil rich and, so far, has been able to repay its loans.
