DR Congo President Félix Tshisekedi apparently wants to renegotiate some of the contracts that his predecessor, Joseph Kabila, signed with the Chinese, according to a report by Africa Intelligence.
Argentina too, like the DRC, tried to renegotiate some of its Chinese loans when a new government came to power but failed due to “cross-cancellation triggers” in the contracts that stipulated a default or cancellation of one loan would automatically lead to the cancellation of other Chinese loans in the country.
Based on the findings from the research done by the Kiel Institute, Center for Global Development and AidData in their April 2021 groundbreaking report “How China Lends” that examined 100 Chinese loan contracts, it’s quite likely that President Tshisekedi and his team will not find it easy to renegotiate some of these deals.
