Friday, September 2, 2022

China Cancels African Loans; Will It Matter Much?

 The Conversation published on 31 August 2022 a commentary titled "China Has Waived the Debt of Some African Countries. But It's Not about Refinancing" by Harry Verhoeven, Columbia University.  

China recently cancelled loans with 17 African countries.  It has not announced details of the cancellations, but the political significance is likely to be greater than the financial impact.