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Chinese Debt Relief in Africa Definitely Helps in the Short Term, But in the Long Term? Hard to Tell Says New Analysis

Although China’s debt relief efforts are often downplayed by many of its critics in the U.S. and EU, the fact is that Beijing’s done more to renegotiate and cancel loans to African countries during the current financial crisis than it has previously: 

Near term, according to new analysis by the Oxford China International Consultancy and Development Reimagined, China’s debt relief efforts are indeed providing tangible benefits to borrowing states in Africa. But there are just too many other variables to say conclusively whether these initiatives will help the continent recover from the COVID-19-induced downturn over the long run.

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