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CARI: Chinese Lenders Have Provided $7.6 Billion in Debt Relief Since Last Year, Mostly to Africa

Image by moerschy from Pixabay

Angola is the primary beneficiary of Chinese debt restructuring activities over the past year, accounting for $6.2 billion out of $7.6 billion of total relief provided by Beijing to developing countries in 2020-2021, according to official data compiled by the China-Africa Research Initiative at Johns Hopkins University.

CARI is also tracking China’s engagement in the G20’s Debt Service Suspension Initiative which, so far, is up to 23 countries worldwide including 16 states in Africa.

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