It’s been a challenge to follow the progress of China’s debt relief negotiations in Africa, since neither side seems willing to reveal much about the ongoing talks. But several months into the current economic crisis, it’s becoming increasingly evident the quick fix across-the-board package that so many African leaders had hoped for will not happen.
Yun Sun, a non-resident China scholar at the Brookings Institution in Washington, D.C. warned in her latest column published on Wednesday that African stakeholders should likely prepare themselves for “a long process of bilateral renegotiations, debt restructuring, and refinancing instead of a rapid, blanket, and comprehensive solution.”