China's Position on Restructuring Loan Debt

 Reuters published on 22 June 2023 an article titled "Explainer: What Is China's Position on Restructuring Debt Owed by Poor Nations?" by Joe Cash.

China wants multilateral lenders like the International Monetary Fund and World Bank to absorb some of the loses on loans to nations such as Zambia that are unable to meet their debt terms.  Paris Club countries, especially the United States, have resisted this request.  

China to Cancel Debt on Interest-Free Loans to Africa

The Council on Foreign Relations blog posted on 30 June 2020 a commentary titled "As Africa Faces COVID-19, Chinese Debt Relief Is a Welcome Development" by Stephen Paduano, London School of Economics. 

President Xi Jinping's offer of cancelling debt on China's interest-free loans to Africa, about 5 percent of Africa's total debt to China, may appear as too little, too late, but the author argues it is still a welcome start.