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Update on the Chinese Debt Situation in Africa

Chinese debt relief talks are underway in a number of African countries including Angola, Zambia, Kenya, and Ethiopia among others but you wouldn’t really know it. Officials on all sides aren’t saying much and there’s relatively little press coverage on the issue.

Meantime, a growing number of African countries are signing on to the G20’s common framework while at the same time negotiating debt deferral deals with the IMF and other multilateral creditors. In terms of private creditors, there’s been little to no progress on any meaningful restructuring of the billions of Eurobond obligations owed by African borrowers.

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