Follow CGSP on Social Media

Listen to the CGSP Podcast

Latest World Bank Debt Report Prompts Renewed Concern About Kenya, Ethiopia

by Eric Olander

Journalists and analyst have been poring through the World Bank’s latest report on global debt that was published last month. Two African countries in particular, Kenya and Ethiopia, stand out.

The report examined external debt accumulation among 120 low and middle income countries from 2009 to 2019. The data revealed that Kenya’s indebtedness expanded fourfold from $8.55 billion to $34.2 billion during that time, among the highest of all countries surveyed.

Lead the Conversation on China

Subscribe Today to Get Full Access to The China-Global South Project

Check Out Everything You'll Get With Your Subscription

The China-Global South Daily Brief delivered to your inbox at 6AM Washington time

Full access to exclusive news and analysis from editors based in the Global South

Transcripts of CGSP’s twice-weekly podcasts

Students and teachers with a valid .edu email address are eligible for a 50% discount off monthly or yearly subscriptions. Email us to receive a discount code.

You Might Like

Forget About Repayment Holidays, Kenya Wants Its Creditors (Ahem… China) To Cancel Some of Its Debts

The Kenyan Treasury is reportedly considering a new plan to approach its creditors to ask for outright cancellation of some of its debt, according to a report in Business Daily. ...

It Can Be Hard to Tell If Kenya Is Managing Its Debts Well or If It’s In Danger of Debt Distress… Or Both

Confusing, even contradictory messages have been coming out over the past week about Kenya’s debt sustainability. On the one hand, the Treasury is reporting that debt servicing obligations have fallen ...

China Denies Ethiopian Media Report It’s Providing Addis Ababa With “Alternative Means” of Debt Relief

The Chinese Ministry of Foreign Affairs flatly denied a report published in the English-language Ethiopian news site The Reporter that “China agreed to restructure Ethiopia’s debt through alternative means.” Ethiopia is the second-largest ...

What is The China-Global South Project?

Independent

The China-Global South Project is passionately independent, non-partisan and does not advocate for any country, company or culture.

News

A carefully curated selection of the day’s most important China-Global South stories. Updated 24 hours a day by human editors. No bots, no algorithms.

Analysis

Diverse, often unconventional insights from scholars, analysts, journalists and a variety of stakeholders in the China-Global South discourse.

Networking

A unique professional network of China-Africa scholars, analysts, journalists and other practioners from around the world.