With more than 20 African countries now approaching or confronting debt distress, according to the IMF, a trio of scholars at the London-based international affairs think tank Chatham House mapped out what they think needs to be done to address the situation.
Not surprisingly, given China’s role as Africa’s largest source of development finance and its largest bilateral creditor, the authors defined Beijing as an “essential player in any African solution to excessive debt” and dedicated the bulk of their column to China’s role in the crisis.
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