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Xi Jinping Bolsters China’s COVID-19 Diplomacy in Africa With Virtual Leaders Summit

Xi Jinping delivered the keynote address at a hastily arranged virtual African leaders summit on Wednesday where the Chinese president reaffirmed Beijing's commitment to provide financial and material support to combat the pandemic. There was very little new information contained in ...

It Looks Increasingly Unlikely Africa Will be Able to Negotiate Package Debt Relief Deals With Either Private Creditors or the Chinese

Hopes for a consolidated African debt relief package from both private creditors and Chinese lenders appear to be fading. On Friday, news came that a coalition, the Africa Private Creditor Working Group or AfricaPCWG, representing 25 large asset managers and institutions had been formed to negotiate with borrowers. 

Uganda President Museveni Subtly Blames “Asia” For COVID-19 and Now Wants All African Debt Cancelled in Return

Uganda’s President Yoweri Museveni said in a speech this week that because the COVID-19 outbreak is not the fault of his or any African country that the continent's international creditors should in turn help by canceling all of its debts. “The ...

Brookings Scholar Yun Sun Provides a Road Map For Chinese Debt Relief in Africa

There's growing anticipation over how China will respond to Africa's calls for debt relief amid the worsening COVID-19 crisis that is ravaging economies across the continent. So far, there have only been a few hints as to how China will proceed, ...

How is China Going to Handle Debt Relief in Africa?

With economic conditions across Africa rapidly deteriorating, leaders across the continent are escalating their calls for the international community to provide emergency debt relief. Until this week, though, those appeals have been broadly targeted, not singling out any particular country ...

Ghana’s Finance Minister is the First High-Level African Official to Publicly Call on China for Debt Relief

Ghana's Finance Minister Ken Ofori-Atta became the first senior-level African official to specifically call on China for help in relieving the spiraling African debt crisis. Until now, African leaders had issued general appeals to the "international community" for debt relief but never mentioned any individual creditors like ...

If African Leaders Expect China to Cancel Their Debts, They’re Probably Going to be Disappointed

It's been just over two weeks since Ethiopian Prime Minister Abiy Ahmed issued the first call on behalf of African leaders for emergency debt relief. Since then, there hasn't been much movement on the issue in part because those appeals were broadly targeted at "international ...

President Kenyatta Joins Chorus of African Leaders Calling for Emergency Debt Relief

The Kenya State House public a four-part Twitter thread that renewed calls on behalf of African leaders for emergency debt relief to handle the burgeoning economic and public health crisis brought on by the COVID-19 outbreak. President Uhuru Kenyatta met with his South African counterpart Cyril Ramaphosa ...

China’s Not Getting Its Money Back from Africa Any Time Soon, So Why Not Take the Lead in Debt Relief?

As economic conditions worsen across the continent, it's becoming increasingly evident that African governments will not be able to service the tens of billions of dollars in debt they've taken on over the past decade. Ethiopian Prime Minister Abiy Ahmed and ...

It’s Time We Talk About All That Chinese Debt in Africa

There are growing calls for international lenders to cancel or at least reschedule significant portions of Africa’s debt as economies one after across the continent another sink into recession as a result of the worsening COVID-19 outbreak. Earlier this month, 
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